The countdown to the next and long-awaited halving of the Bitcoin network shows that there are less than 10,000 blocks left until it becomes a reality.

Most analyzes project that the halving will take place between April 19 and April 21, 2024, reducing block rewards from the current rate of 6.25 bitcoins per block to 3.125 bitcoins per block after the reduction to half.

Factors that will determine this event include:

Proactive measures by miners to raise funds, such as share offerings and reserve sales, can help offset revenue challenges.

Potential adjustments to mining difficulty, driven by hashrate changes, could benefit remaining miners by reducing production costs.

The surge in signups has boosted on-chain activity, with millions of collectible tokens generating significant transaction fees for miners.

Registration activity offers a new avenue to maintain network security by increasing transaction fees as block rewards decrease.

The ongoing adoption of Bitcoin ETFs can absorb selling pressure and positively impact Bitcoin's market structure by providing a source of stable demand.

Angel investor Anthony Pompliano suggested that the recent $50,000 milestone for Bitcoin is not its definitive peak due to interest from Wall Street. He suggested that as Bitcoin continues to rise, individual holders will begin to sell their BTC, leading to greater demand from Wall Street funds eager to capitalize on the cryptocurrency's upward trajectory.

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