Welcome to Steve’s review of the forthcoming Bitcoin halving event where I look at what bitcoin-halving is, what has happened to the price of Bitcoin at the 3 previous halving events, and what may happen with the price of Bitcoin, and Altcoins as we go through the coming weeks.
I also consider investments in Bitcoin ETFs, Bitcoin asset-listed companies, and Bitcoin miners. Enjoy
https://youtu.be/8YEEtCgF96s?si=hQWDizwh_v87S-S_
Steve, the host, discusses what Bitcoin halving is—an event occurring approximately every four years where the reward for mining Bitcoin transactions is halved, thereby reducing the rate at which new Bitcoins are generated. This mechanism is designed to prevent inflation and ensure a controlled supply, as the total number of Bitcoins that can ever exist is capped at 21 million.
Steve reviews historical data to speculate on future price movements, examining how past halving events have influenced Bitcoin’s value. He suggests that the reduced rate of new Bitcoins entering circulation could, theoretically, increase Bitcoin’s value over time due to its reduced supply and increasing demand. The video also touches on the impact of halving on Bitcoin miners and companies that invest in Bitcoin, but it avoids discussing the technical aspects of blockchain technology itself.
Steve clarifies that his insights are not financial advice but merely his own opinions meant for those interested in cryptocurrency investment.
