What is Bitcoin Halving? And How it will Push BTC to Over $100K
Bitcoin is about to pop for the fourth time in its 15 year history.
From November 2011 to Dec of 2013, bitcoin prices jumped to an incredible 50,162.01% from $2.29 per BTC to $1,151 per BTC.
Could this happen again? And soon? Find Out Why.
Right now a similar situation is brewing, one that's likely to produce a déjà vu event with a whopping price jump.
The event is simple: In less than two months, the reward for mining new Bitcoin blocks is cut in half. This process was coded into Bitcoin's protocol to control its supply and to maintain its fixed scarcity of 21 million BTC.
Remember, in computer language, code is law. So the bitcoin halving event will happen like clockwork regardless of whether Satoshi Nakamoto likes it or not. It does not come down to the whimsical choice of a central figurehead like Jay Powell who runs the Federal Reserve.
And with the Spot Bitcoin ETF already available in the United States, this could allow many high-net-worth individual (HNWI), corporations and institutions to buy hundreds of billions of Satoshis' small denominations of BTC with just a click of a button.
It's a game changer and you haven't missed the boat. So get ready to profit from this play!
Dig deeper to understand what is the Bitcoin Halving right here.
Cheers,
Winson