Bitcoin is a technically complex ecosystem that self-manages according to predefined algorithms. Its anonymous creator embedded several principles and rules to maintain the network’s functionality without external interference, simultaneously increasing the value of the cryptocurrency.
One of these principles is halving, which significantly impacts the market situation.
What is Halving?
One of the important algorithms embedded in Bitcoin involves regularly reducing the block reward size every 21 thousand blocks or approximately every four years.
For example, from 2009 (the launch) to 2012, the block reward was 50 bitcoins. In 2012, it was halved to 25 bitcoins. The next halving occurred in 2016, followed by the most recent one in 2020.
Each halving event means that miners receive significantly fewer rewards for the same efforts, which, in turn, increases the value of each coin—effectively doubling it compared to the previous period.
Halving and the Exchange Rate
The most intriguing aspect of Bitcoin halving is its impact on the market, not the technical process itself. Over the years, a fascinating pattern has emerged: the price starts rising shortly before halving, then surges upwards, often reaching historical highs.
This was the case in 2020 when, after a prolonged crypto winter, the price gradually began to thaw and eventually broke out of the $8,000-$9,000 range, reaching $14,000 at one point. Then, in the fall of 2021, we reached an all-time high. Many were able to profit handsomely during this period.
Halving in 2024
We are gradually approaching the next significant milestone in the cryptocurrency market – the 2024 halving. At that time, the reward, currently 6.25 BTC, will be reduced to 3.1 BTC.
What forecasts can we make based on this fact? Firstly, the market has been in a crypto winter for quite some time, and this phase of the standard cycle should end. Secondly, such a significant reduction in rewards to a very low amount cannot go unnoticed. Increasing coin value and artificially created scarcity will provide a strong push forward – and you can prepare for it right now.
Investors Profit with Cannafarm
The best way to prepare is to increase your capital, which you can sell when it reaches a new all-time high. You can do this with companies that offer cryptocurrency investment plans to their clients.
One such company is Cannafarm – a British producer and supplier of medical cannabis. Cannafarm has been licensed to operate in the market since 2018. It has developed its proprietary production methodology, ensuring high and stable yields.
Currently, the company works with investors, using financing to expand its capabilities. Users earn on the rapidly growing and in-demand medical marijuana market, using cryptocurrencies to fund their deposits when choosing one of the available plans.
Investment plans yield up to 3% per day and are designed for 150 days of collaboration. This duration will be sufficient to significantly increase your capital by the time of the halving event, even with a minimum deposit size.
Investing in Cannafarm Ltd. means stable, guaranteed passive income for those who want to make the most of the cryptocurrency market without taking excessive risk.
Disclaimer. This is a sponsored post. Cryptopolitan does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cryptopolitan is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this sponsored post.