The Real Impact of Bitcoin Halving 2024 | The Halving Process in Bitcoin 2024

In this video, we will discuss the real impact of Bitcoin halving 2024 and the halving process in Bitcoin.

Bitcoin halving is a process that occurs every four years and reduces the amount of new Bitcoin that is mined by half. This is done by reducing the block reward for miners. The next halving is expected to occur on April 15, 2024.

Many investors and analysts believe that the Bitcoin halving is a bullish event that will lead to a significant increase in the price of Bitcoin. However, senior cryptocurrency analyst Nicholas Merten believes that this is not the case.

In his recent statements, Merten stated that the impact of the halving on the new supply will not be a sufficient catalyst for a major rally. He also pointed out that Bitcoin has diminishing yields over time, meaning that the impact of the halving is becoming less significant with each halving.

Merten also calculated that the next halving will reduce the amount of new Bitcoin that is mined each year by $4.4 billion. However, he compared this figure to Bitcoin's total market value of $523 billion and concluded that it is not even a percentage of Bitcoin's value.

Overall, Merten believes that the Bitcoin halving in 2024 will not have a significant impact on the price of Bitcoin. He believes that the impact of the halving is becoming less significant with each halving and that the amount of new Bitcoin that is mined is too small compared to Bitcoin's total market value to cause a major rally.

Conclusion

It is important to note that Merten's views are just one perspective on the potential impact of the Bitcoin halving. There are many other analysts who believe that the halving will be a bullish event. Investors should do their own research and come to their own conclusions.

The Real Impact of Bitcoin Halving 2024 | The Halving Process in Bitcoin 2024

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The Halving Process in Bitcoin 2024
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