The Bitcoin halvings implications
Bitcoin's design inherently limits its total supply to 21 million coins. This scarcity is a fundamental aspect that the world starts to acknowledge, underlining a principle that is embedded in bitcoin's source code and very well documented in its whitepaper. The halving events — the periodic reduction in the block rewards for miners — further tighten this scarcity by halving the rate at which new Bitcoins are created every 210,000 blocks (approximately four years). This mechanism served to disperse the maximum number of bitcoins in the early years of the network's existence, and facilitated an efficient price discovery process. What's more, as issuance reduces, Bitcoin's position as a store of value par excellence increases proportionally. This year's(2024) halving will reduce Bitcoin's supply growth rate from 1.7% to 0.85%, dropping below that of Gold at 1-2% per year.
The most fascinating thing about the Bitcoin halving is that no body is controling it and nobody can stop it from happening. Bitcoin is a self-sovereign living thing, it pays for its own existence, it pays you to own it, it can't run out of money because it is the money. Everytime the Bitcoin halving happens, Bitcoin reinforced itself as a closed system that never leak time nor energy. More people will realize its reliability in a world full of turbulance and manipulations of money.
I prepared a video Version of this as well, that you may also like
If you found tremendous value into this please consider support my work for more here, Thank you!
