NEW: 🟠 Morgan Stanley says next Bitcoin halving may be the beginning of a new bull market 🚀 “Signs indicate that “crypto winter”— Bitcoin’s cyclical 🐻 bear-market decline—may be in the past.” 🙌
The much-anticipated Bitcoin halving has arrived, reducing rewards from 12.5 BTC to 6.25 BTC per block. This is the third such halving experienced by the cryptocurrency, with experts predicting that it will drastically reduce the supply of Bitcoin and drive up prices.
The “Bitcoin Halving” is a long-anticipated event that occurs every four years, reducing the block reward in half and limiting the flow of new Bitcoins entering the market. It has become a major event in the crypto world, with investors speculating about its potential impact on prices.
Binance CEO Changpeng Zhao says that after the 2024 Bitcoin halving, investors can likely expect the cryptocurrency to reach “all-time high” prices. Zhao believes that the halving, which reduces the block reward for miners from 12.5 BTC to 6.25 BTC, increases the scarcity of Bitcoin, driving up its value.
As the Bitcoin halving approaches, the focus of many in the crypto market shifts to the question of how it will affect the price and sentiment of the asset. This event plays a crucial role in the understanding of Bitcoin price movements and market sentiment.
🟠 Loading halving: 85% 👀 Credit to Root.
Financial expert Joe Lopinto has warned that the post-2024 Bitcoin halving could lead to a ‘major bear market’. He references post-halving conditions following past Bitcoin reward halvings in 2012 and 2016.
A leading figure in the Bitcoin world has bet a surprising sum of money that the currency will hit $100K before its next halving, an event expected to take place in May 2020.
As the Litecoin halving approaches, big players in crypto and fintech are investing in the coin. Companies such as Square Inc. and Paypal are driving Litecoin adoption, setting the stage for what could be a steep rise ahead of the halving.