Bitcoin’s Fourth Halving: Countdown To A Non-Event (BTC-USD)
— Countdown, Supply, Nonevent, Fall, Bitcoins, Halving, Rate, Point, Prices, Bitcoin — 1 min read
Bitcoin HODLers remain undeterred by this year's cryptocurrency rout. For them, the current crypto winter must inevitably be followed by the next crypto spring, he says. A popular narrative is that BTC isn't "dead" but rather following a four-year cycle driven by an event known as the "halving" Halving refers to a 50% reduction in the rate at which new BTC supply is put into circulation. So far this has happened three times-in 2012, 2016, and 2020-and is next expected in the first half of 2024. With a sample size of three (consisting of the last, and so far, only three halvings), however, there isn't enough data to draw statistically significant conclusions about what will happen next. Source