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Bitcoin Halving: The Mechanism Behind Supply Reduction | Crypto Circle 100-Day Challenge Day 13
Hello everyone! Today's topic in the crypto circle challenge is 'Bitcoin Halving'. Bitcoin halving is a core mechanism in Bitcoin's design that occurs approximately every four years. This event affects not only the supply of Bitcoin but also has significant impacts on price, mining rewards, and more. Let's take a look at what Bitcoin halving is and how it affects the crypto market!
What is Bitcoin halving?
Bitcoin halving refers to the reduction of the block reward that miners receive after every 210,000 blocks (approximately every four years). When Bitcoin was originally designed, miners would receive 50 Bitcoins as a reward for mining a block, and this reward is halved every four years. With each halving, the rate of Bitcoin supply gradually decreases, with the total supply expected to never exceed 21 million coins.
What is Bitcoin halving?
Bitcoin halving refers to the reduction of the block reward that miners receive after every 210,000 blocks (approximately every four years). When Bitcoin was originally designed, miners would receive 50 Bitcoins as a reward for mining a block, and this reward is halved every four years. With each halving, the rate of Bitcoin supply gradually decreases, with the total supply expected to never exceed 21 million coins.
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🚨 Historic moment! Spot gold breaks $3057, setting a new historical high 💰
On March 27, 2024, the spot gold price surged past the previous high, reaching $3057.85 per ounce, breaking historical records! 📈
📊 The year-to-date increase has exceeded 16%. This is not just a reaction to funds seeking safe havens, but a direct reflection of global macroeconomic anxiety. War, inflation, de-dollarization, Bitcoin ETFs… all funds are looking for new anchor points.
🔍 My observations:
1️⃣ Gold has peaked, symbolizing market distrust in fiat policies.
Central banks are still printing money, and geopolitical tensions continue to rise, gold is once again seen as the "last bastion of protection."
2️⃣ However, there is a new variable this time: digital gold vs physical gold.
The narratives of Bitcoin and gold as safe havens are clashing head-on in this bull market.
3️⃣ Gold vs BTC, which one will you choose?
While spot gold sets a new high, BTC is also undergoing a correction. Will the next stop for funds return to the gold standard, or embrace a crypto standard? This narrative battle will become increasingly exciting.
📌 I will particularly focus on in the short term: – Will BTC take off again due to "funds shifting to safe havens"?
– Will the market seek a new safe haven with higher volatility after FOMO for gold?
– Will the trend of the dollar and U.S. bonds continue to weaken, creating new narrative space for Bitcoin?
🔥 Who do you think will break the next high?
Gold has surged past 3,000; will BTC hit 100K?
#黃金 #BTC #避險資產 #數位黃金 $BTC #市場分析
On March 27, 2024, the spot gold price surged past the previous high, reaching $3057.85 per ounce, breaking historical records! 📈
📊 The year-to-date increase has exceeded 16%. This is not just a reaction to funds seeking safe havens, but a direct reflection of global macroeconomic anxiety. War, inflation, de-dollarization, Bitcoin ETFs… all funds are looking for new anchor points.
🔍 My observations:
1️⃣ Gold has peaked, symbolizing market distrust in fiat policies.
Central banks are still printing money, and geopolitical tensions continue to rise, gold is once again seen as the "last bastion of protection."
2️⃣ However, there is a new variable this time: digital gold vs physical gold.
The narratives of Bitcoin and gold as safe havens are clashing head-on in this bull market.
3️⃣ Gold vs BTC, which one will you choose?
While spot gold sets a new high, BTC is also undergoing a correction. Will the next stop for funds return to the gold standard, or embrace a crypto standard? This narrative battle will become increasingly exciting.
📌 I will particularly focus on in the short term: – Will BTC take off again due to "funds shifting to safe havens"?
– Will the market seek a new safe haven with higher volatility after FOMO for gold?
– Will the trend of the dollar and U.S. bonds continue to weaken, creating new narrative space for Bitcoin?
🔥 Who do you think will break the next high?
Gold has surged past 3,000; will BTC hit 100K?
#黃金 #BTC #避險資產 #數位黃金 $BTC #市場分析
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