JUST IN: 5,000 blocks remain until
#Bitcoin halving
The Bitcoin split is an event that the cryptocurrency market anticipates every four years, and is expected to significantly impact the market. In 2024, the market is waiting for a new Bitcoin split event, with the number expected to reach 210 thousand blocks between April and May, which will reduce the mining reward to 3.125 BTC per block.
Bitcoin sharding is part of the network protocol, and occurs automatically in a decentralized manner. This event reduces the rate of creation of new Bitcoin and promotes scarcity, which can lead to increased demand and higher prices².
For miners, splitting Bitcoin may have a negative impact in the short term, as they receive half the reward for the same amount of work, which may make mining less profitable. However, it may have a positive effect in the long term.
As for investors, there are different expectations about the impact of the split on the price of Bitcoin. Some studies indicate that about 54% of investors expect the price of Bitcoin to range between $30,000 and $60,000 after the split, while about 34% expect the price to exceed $60,000, and 11% see the possibility that the price will exceed $150,000.
To follow the Bitcoin halving, all you have to do is copy the following link to your browser:👇👇👇👇
https://watcher.guru/bitcoin-halving
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