Every four years, the Bitcoin halving occurs, meaning that the amount of new coins issued through mining rewards is cut in half. When Bitcoin first launched, mining rewards were 50 BTC. Currently, that figure is 6.25 BTC, and after the next halving, it will be reduced to 3.125 BTC.
The halving occurs every 210,000 blocks rather than on pre-specified dates, but this corresponds to a roughly four-year cycle, which means that the next reduction in issuance should reach us this April. Notably, a glance at BTC’s price action since inception reveals a repeating pattern of vertical gains, deep corrections, and drawn-out recoveries, and this sequence appears to correspond closely with the halvings, leading among bitcoin traders to an entrenched belief in halving-driven movements.
تاہم، جیسا کہ بٹ کوائن has matured and grown in market capitalization, and with the introduction now of اسپاٹ بٹ کوائن ای ٹی ایف in the United States, some are questioning whether the halving event is still relevant, while you can also find a few voices asserting that the halving was in fact never as important as assumed, arguing instead that other, less obvious factors have fueled price movements up to now.
# بطور ETFs were (finally) just approved for trading tomorrow, after ten years. Maybe the politics in Congress around cryptocurrency will get better once they realize it’s backstopping pension funds and retirement accounts.
ایڈورڈ سنوڈنڈ (@ ساؤتھڈن) جنوری۳۱، ۲۰۱۹
The Case Against Halving Importance
As described, the halvings cut miner rewards in half, but there is an argument that this had more impact when most of the final supply had not yet been issued. However, as of right now, around 93.5% of بٹ کوائن ’s total supply is already in circulation. That means less than 1.4 million BTC, from the capped total supply of 21 million BTC, remains to be created, and so, as a result, new issuance is creating a smaller splash in a larger pool.
On top of this, the Bitcoin market cap is far larger now than in the early days of the asset’s existence, currently sitting just above $1 trillion, which is approaching the November 2021 all-time high of over $1.2 trillion. This still puts BTC a long way off gold (for which it is touted as a digital replacement), which has a market cap of around $13.6 trillion, but nonetheless, BTC is a weightier asset than it once was, which corresponds to reduced volatility.
And then there is the fact that if BTC really is here for the long run, is growing in value and adoption as supply nears its cap, and is now a Wall Street asset sold through ای ٹی پیز into the portfolios of investors who have no special interest in crypto, then halvings must, at some point, cease to influence the determination of a fair price.
Ultimately, after fifteen years, Bitcoin has moved towards the mainstream: spot ETFs reposition BTC within the investing landscape; if institutional adoption catches on, it will reinforce that shift and banking institutions are currently pushing the SEC to allow them to custody crypto. While the halvings might have been influential in BTC’s infancy, meaningful acceptance at scale may start a transition away from those early dynamics.
JUST IN: A coalition of leading banking and financial institutions has petitioned the SEC for an amendment to “SAB 121,” a regulation that has restricted banks from participating in the digital currency space. pic.twitter.com/QV8GnUo6IC
- بٹ کوائن نیوز (@BitcoinNewsCom) 17 فروری 2024
Why the Halving Might Never Have Mattered
Although it may not be a widely adhered to point of view, it’s worth being aware of the case for the halving not simply becoming reduced in significance but never having actually been a critical factor affecting bitcoin’s price cycles.
Essentially, it’s a simple argument: larger rises and falls in Bitcoin’s price may appear to match up with halving events, but they also correspond closely with ups and downs in the global M2 money supply, and from there, it’s plausible that it is in fact the latter influence, لچکدار , that is the primary driving factor.
Reasons the Halving Is Still Important
On the other side of the fence, most arguments for the importance of the halving come down to straightforward matters of supply and demand, which aren’t eclipsed by the arrival of spot ETFs. In fact, this view takes into account the ای ٹی ایفس: last week, ETF inflows were eating up, on average, around 9,000 BTC per day, while new coin issuance is only around 900 BTC per day, an amount which, after the halving will be reduced to around 450 BTC per day.
The halving is coming. pic.twitter.com/15QCzlWwEf
- بٹ کوائن (@ بٹ کوائن) 20 فروری 2024
That means the ETFs–as things stand, pre-halving–are taking in around ten times more bitcoin than is being newly issued, and so on the surface of it, cutting issuance in half looks significant. But there’s also another, less quantifiable factor at work, which is trading psychology, along with the influence of popular narratives and shared beliefs.
Look at any of the visualized, long-term Bitcoin projections that circulate online, running from launch in 2009 to the current moment and then out into the next decade, and the halvings feature prominently. In fact, they are often the central columns from which emanate blow-off tops and crypto-موسم سرما troughs, and what’s more, BTC’s repeating price swings appear remarkably well-ordered.
NEW: Chart by @TimmerFidelity shows how the 2024 halving will cause Bitcoin’s Stock-to-Flow ratio to jump from 57 (same as gold’s) to 121 making it the “hardest” asset on earth 👀🙌 pic.twitter.com/9ABGk7d8sN
- بٹ کوائن نیوز (@BitcoinNewsCom) 22 فروری 2024
As such, the idea that the halvings are fundamental to price action has become ingrained, and from this perspective, even if the halvings didn’t matter from a technical standpoint, they would still be critical simply because they influence expectations, and expectations influence behavior.
Or, to put it another way, as long as enough people believe that the halvings matter, then the halvings may still continue to be important.
Every four years, the Bitcoin halving occurs, meaning that the amount of new coins issued through mining rewards is cut in half. When Bitcoin first launched, mining rewards were 50 BTC. Currently, that figure is 6.25 BTC, and after the next halving, it will be reduced to 3.125 BTC.
The halving occurs every 210,000 blocks rather than on pre-specified dates, but this corresponds to a roughly four-year cycle, which means that the next reduction in issuance should reach us this April. Notably, a glance at BTC’s price action since inception reveals a repeating pattern of vertical gains, deep corrections, and drawn-out recoveries, and this sequence appears to correspond closely with the halvings, leading among bitcoin traders to an entrenched belief in halving-driven movements.
تاہم، جیسا کہ بٹ کوائن has matured and grown in market capitalization, and with the introduction now of اسپاٹ بٹ کوائن ای ٹی ایف in the United States, some are questioning whether the halving event is still relevant, while you can also find a few voices asserting that the halving was in fact never as important as assumed, arguing instead that other, less obvious factors have fueled price movements up to now.
# بطور ETFs were (finally) just approved for trading tomorrow, after ten years. Maybe the politics in Congress around cryptocurrency will get better once they realize it’s backstopping pension funds and retirement accounts.
ایڈورڈ سنوڈنڈ (@ ساؤتھڈن) جنوری۳۱، ۲۰۱۹
The Case Against Halving Importance
As described, the halvings cut miner rewards in half, but there is an argument that this had more impact when most of the final supply had not yet been issued. However, as of right now, around 93.5% of بٹ کوائن ’s total supply is already in circulation. That means less than 1.4 million BTC, from the capped total supply of 21 million BTC, remains to be created, and so, as a result, new issuance is creating a smaller splash in a larger pool.
On top of this, the Bitcoin market cap is far larger now than in the early days of the asset’s existence, currently sitting just above $1 trillion, which is approaching the November 2021 all-time high of over $1.2 trillion. This still puts BTC a long way off gold (for which it is touted as a digital replacement), which has a market cap of around $13.6 trillion, but nonetheless, BTC is a weightier asset than it once was, which corresponds to reduced volatility.
And then there is the fact that if BTC really is here for the long run, is growing in value and adoption as supply nears its cap, and is now a Wall Street asset sold through ای ٹی پیز into the portfolios of investors who have no special interest in crypto, then halvings must, at some point, cease to influence the determination of a fair price.
Ultimately, after fifteen years, Bitcoin has moved towards the mainstream: spot ETFs reposition BTC within the investing landscape; if institutional adoption catches on, it will reinforce that shift and banking institutions are currently pushing the SEC to allow them to custody crypto. While the halvings might have been influential in BTC’s infancy, meaningful acceptance at scale may start a transition away from those early dynamics.
JUST IN: A coalition of leading banking and financial institutions has petitioned the SEC for an amendment to “SAB 121,” a regulation that has restricted banks from participating in the digital currency space. pic.twitter.com/QV8GnUo6IC
- بٹ کوائن نیوز (@BitcoinNewsCom) 17 فروری 2024
Why the Halving Might Never Have Mattered
Although it may not be a widely adhered to point of view, it’s worth being aware of the case for the halving not simply becoming reduced in significance but never having actually been a critical factor affecting bitcoin’s price cycles.
Essentially, it’s a simple argument: larger rises and falls in Bitcoin’s price may appear to match up with halving events, but they also correspond closely with ups and downs in the global M2 money supply, and from there, it’s plausible that it is in fact the latter influence, لچکدار , that is the primary driving factor.
Reasons the Halving Is Still Important
On the other side of the fence, most arguments for the importance of the halving come down to straightforward matters of supply and demand, which aren’t eclipsed by the arrival of spot ETFs. In fact, this view takes into account the ای ٹی ایفس: last week, ETF inflows were eating up, on average, around 9,000 BTC per day, while new coin issuance is only around 900 BTC per day, an amount which, after the halving will be reduced to around 450 BTC per day.
The halving is coming. pic.twitter.com/15QCzlWwEf
- بٹ کوائن (@ بٹ کوائن) 20 فروری 2024
That means the ETFs–as things stand, pre-halving–are taking in around ten times more bitcoin than is being newly issued, and so on the surface of it, cutting issuance in half looks significant. But there’s also another, less quantifiable factor at work, which is trading psychology, along with the influence of popular narratives and shared beliefs.
Look at any of the visualized, long-term Bitcoin projections that circulate online, running from launch in 2009 to the current moment and then out into the next decade, and the halvings feature prominently. In fact, they are often the central columns from which emanate blow-off tops and crypto-موسم سرما troughs, and what’s more, BTC’s repeating price swings appear remarkably well-ordered.
NEW: Chart by @TimmerFidelity shows how the 2024 halving will cause Bitcoin’s Stock-to-Flow ratio to jump from 57 (same as gold’s) to 121 making it the “hardest” asset on earth 👀🙌 pic.twitter.com/9ABGk7d8sN
- بٹ کوائن نیوز (@BitcoinNewsCom) 22 فروری 2024
As such, the idea that the halvings are fundamental to price action has become ingrained, and from this perspective, even if the halvings didn’t matter from a technical standpoint, they would still be critical simply because they influence expectations, and expectations influence behavior.
Or, to put it another way, as long as enough people believe that the halvings matter, then the halvings may still continue to be important.
- SEO سے چلنے والا مواد اور PR کی تقسیم۔ آج ہی بڑھا دیں۔
- پلیٹو ڈیٹا ڈاٹ نیٹ ورک ورٹیکل جنریٹو اے آئی۔ اپنے آپ کو بااختیار بنائیں۔ یہاں تک رسائی حاصل کریں۔
- پلیٹوآئ اسٹریم۔ ویب 3 انٹیلی جنس۔ علم میں اضافہ۔ یہاں تک رسائی حاصل کریں۔
- پلیٹو ای ایس جی۔ کاربن، کلین ٹیک، توانائی ، ماحولیات، شمسی، ویسٹ مینجمنٹ یہاں تک رسائی حاصل کریں۔
- پلیٹو ہیلتھ۔ بائیوٹیک اینڈ کلینیکل ٹرائلز انٹیلی جنس۔ یہاں تک رسائی حاصل کریں۔
- ماخذ: https://www.financemagnates.com//cryptocurrency/does-the-bitcoin-halving-still-matter-in-2024/
- : ہے
- : ہے
- : نہیں
- $UP
- 000
- 1
- 10
- 121
- 125
- 15٪
- 17
- 20
- 2009
- 2021
- 2024
- 210
- 22
- 24
- 25
- 26٪
- 28
- 30
- 50
- 9
- 900
- a
- اوپر
- قبولیت
- اکاؤنٹ
- اکاؤنٹس
- عمل
- اصل میں
- پر کاربند
- منہ بولابیٹا بنانے
- کو متاثر
- کے بعد
- کے خلاف
- آگے
- کی اجازت
- ساتھ
- پہلے ہی
- بھی
- ترمیم
- کے درمیان
- رقم
- an
- اور
- ایک اور
- کوئی بھی
- ظاہر
- ظاہر ہوتا ہے
- قریب
- کی منظوری دے دی
- اپریل
- کیا
- دلیل
- دلائل
- ارد گرد
- آمد
- AS
- زور دینا
- اثاثے
- فرض کیا
- At
- اوسط
- آگاہ
- دور
- بینکنگ
- بینکوں
- بینر
- BE
- کیونکہ
- بن
- بننے
- رہا
- رویے
- کیا جا رہا ہے
- یقین
- عقائد
- یقین ہے کہ
- بہتر
- بٹ کوائن
- بکٹکو روکنے
- ویکیپیڈیا مارکیٹ
- bitcoin مارکیٹ ٹوپی
- بکٹکو نیوز
- ویکیپیڈیا تاجروں
- بٹ کوائن کی قیمت
- بلاکس
- اڑا
- بورڈ
- BTC
- لیکن
- خرید
- تھوڑا سا خریدیں
- by
- کر سکتے ہیں
- ٹوپی
- سرمایہ کاری
- محدود
- کیس
- کیونکہ
- بند کرو
- مرکزی
- چیلنج
- چارٹ
- سرکولیشن
- قریب سے
- اتحاد
- سکے
- سکے
- کالم
- کس طرح
- آنے والے
- کانگریس
- جاری
- اصلاحات
- مساوی ہے
- بنائی
- تخلیق
- اہم
- کرپٹو
- cryptocurrency
- کرنسی
- موجودہ
- اس وقت
- تحمل
- کٹ
- کاٹنے
- سائیکل
- سائیکل
- تواریخ
- دن
- دن
- دہائی
- گہری
- ڈیمانڈ
- بیان کیا
- عزم
- ڈیجیٹل
- ڈیجیٹل کرنسی
- نیچے
- نیچے
- ڈرائیونگ
- حرکیات
- ابتدائی
- زمین
- ایڈورڈ
- ایڈورڈ Snowden
- کافی
- جڑا ہوا
- بنیادی طور پر
- ETF
- ای ٹی ایفس
- etoro
- بھی
- واقعہ
- واقعات
- ہر کوئی
- وجود
- توقعات
- تجربہ
- حقیقت یہ ہے
- عنصر
- عوامل
- منصفانہ
- آبشار
- دور
- نمایاں کریں
- چند
- پندرہ
- اعداد و شمار
- فائنل
- آخر
- مالی
- مالیاتی ادارے
- مل
- پہلا
- کے لئے
- چار
- سے
- ایندھن
- بنیادی
- فنڈز
- فوائد
- حاصل
- نظر
- گلوبل
- گولڈ
- بڑھتے ہوئے
- اضافہ ہوا
- تھا
- نصف
- ہلکا پھلکا
- ہے
- ہونے
- یہاں
- ہائی
- کس طرح
- تاہم
- HTTPS
- خیال
- if
- اثر
- اہمیت
- اہم
- in
- آغاز
- رقوم کی آمد
- اثر و رسوخ
- بااثر
- جڑا ہوا
- کے بجائے
- ادارہ
- ادارہ جاتی اپنائیت
- اداروں
- دلچسپی
- میں
- تعارف
- سرمایہ کاری
- سرمایہ
- جاری کرنے
- جاری
- IT
- میں
- فوٹو
- کودنے
- صرف
- زمین کی تزئین کی
- بڑے
- آخری
- شروع
- شروع
- معروف
- کم
- لانگ
- طویل مدتی
- دیکھو
- دیکھنا
- M2
- مین سٹریم میں
- بنانا
- مارکیٹ
- مارکیٹ کیپ
- مارکیٹ کیپٹلائزیشن
- میچ
- معاملہ
- معاملات
- مئی..
- شاید
- مطلب
- بامعنی
- کا مطلب ہے کہ
- شاید
- دس لاکھ
- لاکھوں
- miner
- کانوں کی کھدائی
- لمحہ
- قیمت
- رقم کی فراہمی
- زیادہ
- سب سے زیادہ
- منتقل ہوگیا
- تحریکوں
- ضروری
- داستانیں
- کبھی نہیں
- نئی
- نئے سکے
- نیا
- خبر
- اگلے
- نہیں
- خاص طور پر
- نومبر
- نومبر 2021
- اب
- واضح
- of
- بند
- اکثر
- on
- ایک بار
- آن لائن
- صرف
- or
- دیگر
- باہر
- پر
- حصہ لینے
- پاٹرن
- پنشن
- لوگ
- فی
- نقطہ نظر
- پلیٹ فارم
- پلاٹا
- افلاطون ڈیٹا انٹیلی جنس
- پلیٹو ڈیٹا
- مناسب
- پوائنٹ
- نقطہ نظر
- سیاست
- پول
- مقبول
- محکموں
- قیمت
- قیمت کی کارروائی
- پرائمری
- اس تخمینے میں
- نفسیات
- دھکیلنا
- ڈال
- رکھتا ہے
- قابل مقدار
- بلکہ
- تناسب
- تک پہنچنے
- احساس
- واقعی
- کم
- کمی
- ریگولیشن
- مضبوط
- مطابقت
- متعلقہ
- قابل اعتماد
- باقی
- متبادل
- محدود
- نتیجہ
- ریٹائرمنٹ
- ریٹائرمنٹ اکاؤنٹس
- پتہ چلتا
- انعامات
- ٹھیک ہے
- اٹھتا ہے
- تقریبا
- رن
- چل رہا ہے
- s
- اسی
- پیمانے
- SEC
- تسلسل
- مشترکہ
- منتقل
- ہونا چاہئے
- شوز
- کی طرف
- اہمیت
- اہم
- سادہ
- صرف
- بعد
- بیٹھنا
- چھوٹے
- سنوڈن
- So
- فروخت
- کچھ
- خلا
- خصوصی
- کمرشل
- کھڑے ہیں
- موقف
- شروع کریں
- امریکہ
- رہنا
- ابھی تک
- براہ راست
- سڑک
- اس طرح
- فراہمی
- طلب اور رسد
- سطح
- سوئنگ
- لیتا ہے
- لینے
- ٹیکنیکل
- دس
- سے
- کہ
- ۔
- ان
- تو
- وہاں.
- وہ
- چیزیں
- اس
- ان
- کے ذریعے
- اوقات
- کرنے کے لئے
- کل
- سب سے اوپر
- ٹاپس
- کل
- بات چیت
- کی طرف
- تاجروں
- ٹریڈنگ
- ٹرین
- منتقلی
- ٹریلین
- قابل اعتماد
- ٹویٹر
- آخر میں
- متحدہ
- ریاست ہائے متحدہ امریکہ
- UPS
- us
- صارف دوست
- قیمت
- عمودی
- لنک
- آوازیں
- استرتا
- دیوار
- وال سٹریٹ
- تھا
- راستہ..
- ہفتے
- تھے
- جب
- چاہے
- جس
- جبکہ
- ڈبلیو
- بڑے پیمانے پر
- گے
- ساتھ
- کے اندر
- کام
- دنیا
- قابل
- گا
- سال
- ابھی
- تم
- زیفیرنیٹ