With the April Bitcoin halving looming, the future is as uncertain as ever.
The rewards for mining Bitcoin are about to be chopped in half for miners in a scheduled event called “the halving.” This anti-inflationary measure is predicted to occur on or about April 17, 2024.
Though it won’t be the first such halving event, the crypto world is poised to enter the unknown, as recent all-time highs in price and a somewhat crowded mining landscape bring mystery and suspense to what could become one of the most important days in cryptocurrency history.
The months leading up to the halving have seen the approval of the first-ever spot Bitcoin exchange-traded funds in the United States as well as a new all-time-high Bitcoin (BTC) price of $73,679 set on March 13, 2024. Whether the price will deflate, rocket or maintain after the April halving event is anyone’s guess — there are no guarantees. But if the past is any indicator of the future, previous halving events can be studied to get an idea of how this year’s could play out.
