It is April 2024, and the scheduled Bitcoin halving is needlessly creating trepidation of seismic proportions with some people. To those who are jittery because of this event, please have no fear about the Bitcoin Halving, which will happen this month.
In fact, rather than fear, what you should have is anticipation. Because halving negatively affects the miners of Bitcoin, not the owners. It results in fewer rewards for mining Bitcoin, which means demand will likely outpace supply. And when that happens, prices are likely to go up.
Many pundits actually believe that the record prices that Bitcoin has recently commanded are due to the anticipation of halving, similar to how big tech made money when the world expected the Y2K bug.
There is no cause for alarm, anxiety, or apprehension. The most likely effect of halving is the strong possibility that the price of Bitcoin will rise to counterbalance the reduced rewards for mining.
Think about it like this. What happened when Russia invaded Ukraine? Ukraine used to be the world’s fifth-largest wheat exporter. But after the Russian invasion, they could no longer export as before. And immediately, the price of wheat increased all over the world. Why? Because too much supply and too little demand reduce prices, conversely, too much demand and insufficient supply increase prices.
Now, because Bitcoin halving is scheduled and therefore expected, it will not have quite the same dramatic effect on the price of the token as the Russian invasion of Ukraine had on wheat prices because that was an unexpected outcome. But it will still impact on prices.
The only parallel is when the U.S. Federal Open Market Committee meets to raise or lower interest rates. When the Feds raise interest rates, supply reduces. When Bitcoin is halved, the same thing happens.
There have been three Bitcoin halving since 2009 when Bitcoin was created. This s impending halvingwill be the fourth.
A year after the first halving on November 28, 2012, Bitcoin went from $10.26 to $1,003.38. A year after the second halving of July 9, 2016, Bitcoin went from $583.11 to $2608.10. A year after the third halving of May 11, 2020, Bitcoin went from $6,909.95 to $55,847.24.
And if we go by the principle that the best predictor of future behaviour is past behaviour, then it is safe to say that if you can buy Bitcoin now and hold it for a year, you will likely experience exponential profit.
Now, let me explain that you do not have to buy one whole unit of Bitcoin. Currently, Bitcoin is above $71,000, which is a lot of money. You can buy fractional amounts of Bitcoin. You can even buy $5 worth of the cryptocurrency.
For guidance and mentorship on how to do this, as well as how to profit from other cryptos and stocks, please consider subscribing to me on X.
I make this one bold assurance. If you subscribe and meticulously apply my opinions, you MUST make money! Not may. MUST.
