Nearly done, we are 69% through our way for the next Bitcoin halving. An upcoming historic event that will even further strengthen the foundation of Bitcoin in various ways.

If there is something that has kept many people bound to Crypto even during this brutal bear market for over an year now and that has made people look forward and anticipate an event in Crypto, it was undoubtedly the next Bitcoin Halving. This event, where the reward for each Block mined will once gain be halved this decreasing the BTC supply coming in, is scheduled to happen after each 210.000 block which will be roughly in April 2024.

Thus we have now survived 69% (Yeah I know, nice) of the way from the last halving to the next halving and only have about 448 days left and 64k blocks to be mined. And as every halving, this one will come with various advantages for us and Bitcoin:

• Decrease the new supply, thus a rise of demand could immediately left the BTC price by much more (as previously happened)
• Bitcoin Inflation will be halved to now roughly 1.8% which is early below the inflation of Gold that can fluctuate even more, possibly making BTC even more scarce than Gold.
• People who bought during the halving have historically experienced a 500% return, does not men we will get the same though.

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Chart from therationalroot on Twitter

This chart also shows how every halving was happening just before a bull market rally that promised great returns, we should not bet on that always as a decrease in supply growth can only result in a price-increase if the demand is also there, which as we have seen in always volatile in Crypto. But more than an price-movement it is very bullish for the fundamentals of Bitcoin and thus all of Crypto which will only be more bullish for the longterm