Breaking news! Bitcoin successfully completed its fourth halving. What far-reaching impact will this move bring?
Just this morning, Bitcoin ushered in a historic moment - it completed its fourth halving. This means that the number of Bitcoin rewards that miners now receive has dropped sharply, from the previous 6.25 to 3.125.
For miners, this is undoubtedly a severe challenge. Their main source of income has been cut in half, and in the future, they will rely more on transaction fees to maintain operations.
Looking back at history, Bitcoin halvings are often accompanied by an upward trend in prices. However, it is worth noting that before this halving, the price of Bitcoin had already hit a record high. Therefore, the annual growth rate of new Bitcoins will slow down after the halving, but this impact is still relatively small in the face of the huge global transaction volume.
In addition, after the halving, the difficulty of mining may undergo some adjustments. But the Bitcoin network has a strong ability to adapt, and it is expected that the hash rate (i.e. mining speed) will gradually stabilize.
In summary, this halving is undoubtedly a key node in the development of Bitcoin. Although its direct impact on price may be gradually weakening, it is still an indispensable and important factor in interpreting Bitcoin's price cycle.
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