Bitcoin’s block halving has had a significant impact on the economy. Our analysis shows a decrease in mining rewards and an increase in transaction fees, leading to a shift in market demand
Amidst the increasing prominence of cryptocurrencies, the economic implications of Bitcoin’s block halving event have sparked scientific scrutiny. This occurrence, which effectively reduces the issuance of new bitcoins, presents a unique opportunity to investigate its influence on various economic indicators. In this article, we employ sophisticated statistical and econometric techniques to uncover the causal relationship between block halving and subsequent fluctuations in Bitcoin’s price, supply, and trading volume. Our findings provide valuable insights into the dynamic nature of crypto markets and contribute to a deeper understanding of their potential economic ramifications.
