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Bitcoin Halving 2024: What's Next for BTC?
The long-anticipated Bitcoin halving occurred in April 2024, cutting the block reward from 6.25 BTC to 3.125 BTC. Historically, halvings have preceded major bull runs, and investors are speculating whether history will repeat itself.
This time, the market is more mature. Institutional adoption is higher, ETFs are gaining traction, and miners are more efficient. Still, the immediate price action post-halving has been relatively calm, raising questions about the halving’s real-time impact.
However, the reduced supply entering the market combined with growing demand could result in upward pressure on BTC’s price in the coming months. Long-term holders are already accumulating, and the “supply shock” theory is once again circulating.
Additionally, miner dynamics will shift. Smaller miners might be forced out due to higher operational costs, consolidating power in larger mining firms. This could raise decentralization concerns.
In short, while the halving’s effects aren’t always immediate, it remains a pivotal event for Bitcoin’s economic model—and could still be the trigger for the next bull cycle.