The second catalyst for bitcoin is the next halving.
For those who need a refresher, the anonymous programmers behind bitcoin hardwired the halving into bitcoin’s code. It cuts the reward for mining bitcoin transactions on the network in half.
So, like clockwork, halvings are 100% guaranteed to happen.
The first halving was in 2012… the second was in 2016… and the most recent was in 2020.
After every halving, we’ve seen bitcoin rise further…
After the first halving in November 2012, the block reward dropped from 50 bitcoins to 25. And the price went from about $12 to a peak of $1,100 by 2013.
The second halving occurred in July 2016. The block reward went from 25 to 12.5. That sent prices from $650 to a peak of nearly $20,000.
The third halving hit in May 2020. Prices went from $8,500 to over $65,000 at their peak.
While the halving is a bullish catalyst for bitcoin, the second year after a bitcoin halving is always a down year.
In 2012, bitcoin had its first halving. Prices soared in 2012 and 2013. But in 2014, bitcoin fell 61% for the year.
In 2016, bitcoin had its second halving. Prices rose in 2016 and 2017… and then dropped 73% in 2018.
In 2020, bitcoin had its third halving. Prices soared in 2020 and 2021… But in 2022, bitcoin lost 64%.
Each and every time, bitcoin bounced back…
As you can see above, the halving is a huge catalyst for bitcoin. If history is any indicator, the 2024 halving will push bitcoin to new highs and beyond
The Bitcoin Hash Rate Is Growing
One measure of the strength of the bitcoin network is the hash rate. That shows the rising computational power needed to power the network.
Essentially, the hash rate shows the “network effect” of more individuals and institutions moving into bitcoin and other crypto assets.
Even amid the price collapse of BTC during the 2022 Crypto Winter, the network’s hash rate more than tripled from the 2021 lows to over 350 exahashes per second (EH/s).
This explosive growth of usage on the bitcoin network is a strong signal that we’re getting over the worst of last year’s sell-off.
According to Metcalfe’s Law, the bigger the network of users, the greater the value of the network.
Think about Amazon, for example. The network effect triggered enormous growth for the tech giant.
As more people signed up for Amazon’s Prime membership, its share price climbed from around $300 in 2014 to an all-time high of over $3,700 in 2021.
That’s a 12x gain in just a few years.
Bitcoin’s adoption is on the same trajectory as other groundbreaking technologies.
According to former Google engineer Michael Levin, bitcoin’s current adoption rate puts it on track for 1 billion bitcoin users by 2025… about half the time it took the internet to reach the same milestone.
That’s why over the coming years, some experts expect a single BTC will be worth $500,000.
Remember in 2021 when people were placing magnets on their arms where they received the mRNA or viral vector DNA injections, and the magnets stuck? Well now if you buy grocery store meats, you may want to take a few magnets with you to test the products out first.
Biden Stenographer: "Joe Biden is a criminal. He was conducting malfeasance in office to enrich his family. Jake Sullivan is a conspirator in that, and there's more... Obama officials involved in it, I believe."
Do NOT use roundup on your lawn. Grow and eat some dandelions instead, you prepper you.
This year, eat some dandelions.
https://m.youtube.com/watch?v=cSo2YDCJLs8
Covid vax is making folks insane. Watch out!
AMERICAN NEWS Apr 15, 2023
11-year-old boy stabbed outside Seattle-area Dollar Tree after calling man an 'NPC'
"When I saw him pull out a knife, I realized it wasn't a joke."
https://thepostmillennial.com/11-year-old-boy-stabbed-outside-seattle-area-dollar-tree-after-calling-man-an-npc?utm_campaign=64483
The Halving
The second catalyst for bitcoin is the next halving.
For those who need a refresher, the anonymous programmers behind bitcoin hardwired the halving into bitcoin’s code. It cuts the reward for mining bitcoin transactions on the network in half.
So, like clockwork, halvings are 100% guaranteed to happen.
The first halving was in 2012… the second was in 2016… and the most recent was in 2020.
After every halving, we’ve seen bitcoin rise further…
After the first halving in November 2012, the block reward dropped from 50 bitcoins to 25. And the price went from about $12 to a peak of $1,100 by 2013.
The second halving occurred in July 2016. The block reward went from 25 to 12.5. That sent prices from $650 to a peak of nearly $20,000.
The third halving hit in May 2020. Prices went from $8,500 to over $65,000 at their peak.
While the halving is a bullish catalyst for bitcoin, the second year after a bitcoin halving is always a down year.
In 2012, bitcoin had its first halving. Prices soared in 2012 and 2013. But in 2014, bitcoin fell 61% for the year.
In 2016, bitcoin had its second halving. Prices rose in 2016 and 2017… and then dropped 73% in 2018.
In 2020, bitcoin had its third halving. Prices soared in 2020 and 2021… But in 2022, bitcoin lost 64%.
Each and every time, bitcoin bounced back…
As you can see above, the halving is a huge catalyst for bitcoin. If history is any indicator, the 2024 halving will push bitcoin to new highs and beyond
The Bitcoin Hash Rate Is Growing
One measure of the strength of the bitcoin network is the hash rate. That shows the rising computational power needed to power the network.
Essentially, the hash rate shows the “network effect” of more individuals and institutions moving into bitcoin and other crypto assets.
Even amid the price collapse of BTC during the 2022 Crypto Winter, the network’s hash rate more than tripled from the 2021 lows to over 350 exahashes per second (EH/s).
This explosive growth of usage on the bitcoin network is a strong signal that we’re getting over the worst of last year’s sell-off.
According to Metcalfe’s Law, the bigger the network of users, the greater the value of the network.
Think about Amazon, for example. The network effect triggered enormous growth for the tech giant.
As more people signed up for Amazon’s Prime membership, its share price climbed from around $300 in 2014 to an all-time high of over $3,700 in 2021.
That’s a 12x gain in just a few years.
Bitcoin’s adoption is on the same trajectory as other groundbreaking technologies.
According to former Google engineer Michael Levin, bitcoin’s current adoption rate puts it on track for 1 billion bitcoin users by 2025… about half the time it took the internet to reach the same milestone.
That’s why over the coming years, some experts expect a single BTC will be worth $500,000.
Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000, doubling your money from here.
Halving is quadrennial process of curbing supply of new tokens
Bitcoin hit record high after each of the last three halvings
https://www.bloomberg.com/news/articles/2023-04-23/bitcoin-btc-halving-in-2024-spurs-predictions-of-rally-past-50-000?leadSource=uverify%20wall
Remember in 2021 when people were placing magnets on their arms where they received the mRNA or viral vector DNA injections, and the magnets stuck? Well now if you buy grocery store meats, you may want to take a few magnets with you to test the products out first.
https://thecovidblog.com/2023/04/18/missouri-hb-1169-would-force-meat-food-producers-to-label-products-that-utilize-mrna-vaccines-in-animals-while-lobbyists-and-billionaires-fight-to-stop-the-bill-from-becoming-law/
Biden Stenographer: "Joe Biden is a criminal. He was conducting malfeasance in office to enrich his family. Jake Sullivan is a conspirator in that, and there's more... Obama officials involved in it, I believe."
https://www.zerohedge.com/markets/joe-biden-criminal-says-ex-obama-whistleblower-alleging-family-kickback-scheme