After The ETF Approval, The Next Bitcoin Halving Is Approaching
Bitcoin, the largest cryptocurrency in the world, has been seeing considerable gains over the past year after a difficult period in 2022 when accumulated losses nearly reached 70%. As the prices began climbing up again, investors started looking into where to buy Bitcoin once more to consolidate their portfolios. It’s not just the fear of missing out at play, though, but also the fact that a bullish run is imminent. Apart from the recent ETF approval, which arrived on January 10th, 2024, around a decade after the first application, the incoming Bitcoin halving will affect prices as well, especially over the long term. The Halving Bitcoin halving events occur roughly once every four years. They aim to reduce the rate at which new coins are generated and earned by miners on the blockchain. Every time the halving occurs, the rewards are slashed by half. With the next halving estimated to take place around the middle of April, miners are looking to gain rewards of 3.175 BTC per block