Bitcoin Halving

BTC Halving Process , BTC halving when happens then it cause new bitcoins to cut in half.

In past when in 2020 which is the last year of BTC halving when this event occurs then due to cutting in half rewards of miners it increased the scarcity among the investors and investors think as a result that Bitcoin is very worthy now. After that event there was a general perspective and perception of investors that cryptocurrencies are too much valuable so there interest increase in this way in market which leads to upward trend also.

Again we are in January 2024 and right after 3 months almost we would see BTC halving and there are some minimum and maximum expectations I have about the pump in overall market and cryptocurrencies rate as a result of this future event and my fundamental analysis are saying that in 2024 April after halving BTC price is going to strike the biggest pump of history if there would be no situation of FUD due to any rumor.

So let's hope for best because if according to my fundamental analysis BTC halving event would cause highest pump in BTC then definitely all cryptocurrencies including would also pump a lot.

STEEM token is native token of a blockchain that is social media based and works on delegated proof of stake mechanism.

BTC halving is going to definitely pump STEEM in 2024 April after that event and my minimum expectations from STEEM are that it would reach at around $0.50 and maximum it would reach at around $1.25 but at that time if more and more investors would attract towards STEEM token or steemit platform then definitely it could act as a booster at that time so let's wait and watch friends that what would happen next actually.

If I share some data from past then it's important to note that in May 2020 when halving takes place then mining rewards were reduced at that time to 6.25 BTC so when rewards of BTC reduces then supply and demand effects definitely not only for BTC but also for other cryptocurrencies.

In April 2024 BTC supply is going to reduced due to halving and rewards cutting and demand is going to increase and is is adding value to cryptocurrencies including STEEM also and is also going to seeking investors attention.

Halving Btc will increase the price of Btc and other cryptocurrencies such as Steem, this is caused by a cut in the supply of Btc, then the demand for Btc itself will be high and the value of Btc will increase as well as the price of other cryptocurrencies such as STEEM.

It could also be the perspective of investors that they should collect more cryptocurrencies now a days by purchasing it because they are also thinking that halving would result in price pumps to greeter extent and then they would sell their tokens present in their wallets at high rate for making significant profits.