⛏️ Bitcoin Halving in 2024: A New Era in Cryptoeconomics 💡
The next Bitcoin halving, scheduled for April 20, 2024, is generating high expectations, with different characteristics from previous events. For the first time, it comes in conjunction with the approval of Bitcoin ETFs in the US, a factor that has expanded the demand and reach of the cryptocurrency. Analysts point to an increase in institutional interest and a boost in layer 2 and DeFi activities on the Bitcoin network, driven by the popularity of the Ordinals protocol. The halving will reduce the reward per block mined to 3,125 bitcoins, reducing the issuance of new Bitcoins and, therefore, possible inflationary effects. While some analyzes remain optimistic, the predictability of the halving's impact has become more complex, with expectations of variations in the duration and intensity of Bitcoin's bull cycle, considering the appreciation prior to the event.
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