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Bitcoin on the verge of revolution: Counting down 100 days to halving – what awaits the world of cryptocurrencies
Bitcoin on the verge of halving: analysis and forecasts
It is expected that in 100 days the cryptocurrency market will experience one of its key events — the halving of Bitcoin. This event will reduce the reward for mining on the Bitcoin network by half and traditionally leads to heated discussions among experts and traders regarding the future pricing of the first cryptocurrency.
Halving, which occurs regularly every 210,000 blocks (about four years), is part of the Bitcoin algorithm designed to control the number of coins in circulation, limiting it to a maximum of 21 million coins. Due to the reduction in the supply of BTC, it is theoretically possible to expect an increase in its market value, especially if the demand for the currency is consistently high or increases.
However, for miners, the reduction in rewards raises questions about the profitability of their activities. After all, in addition to reducing remuneration, the increasing costs of electricity and equipment should also be taken into account. The previous halving in 2020 reduced the reward from 12.5 to 6.25 BTC, but the subsequent rise in the market value of the currency compensated for the losses of miners.
Forecasts regarding the future of the military-technical cooperation are very different. Some leading experts, such as Samson Mou and Willy Wu, predict that the price will remain at least $30,000, as well as a possible $1 million mark by 2025. While others, including Michael Saylor and Raul Pal, express caution, pointing to the unpredictability of the market and the influence of external economic factors.
Most experts agree that halving will lead to an increase in Bitcoin volatility. This suggests that the most aggressive investors should approach their investments with extreme caution, applying strategies of diversification and financial planning, while long-term investors can simply observe the development of the situation, adhering to their investment strategies.
Ultimately, the future gains or losses of each participant in the crypto community will depend on the ratio of market expectations and the level of investor confidence in the leading cryptocurrency.
