⛏️ Join The Halving Party
👋 Hello, finance enthusiasts and fellow investors!
I hope you’re all doing fine. The last days we saw a again a retest of the 60k support levels which is the bottom of our blue price box we have identified weeks ago.
So far, Bitcoin continued to stay in this price range. Now in a few hours we will see the Bitcoin Halving. But what is it actually?
Bitcoin Halving Simply Explained
Bitcoin halving is an event that occurs approximately every four years (every 210,000 blocks mined) where the reward for mining new blocks is halved, i.e. miners receive 50% less bitcoins for verifying transactions. This mechanism is built into the core of Bitcoin to control inflation, reduce the supply of new Bitcoins and ensure that the total supply of Bitcoins is 21 million. This event has been a catalyst for significant price movements in the past as it signals a reduction in supply and potential future scarcity.
Did you know?
A lesser known fact about the Bitcoin halving is that not only is it a significant event for investors and market dynamics, but it also plays a crucial role in Bitcoin being a deflationary asset. Unlike traditional fiat currencies, which can be printed endlessly, Bitcoin's total supply is finite, and the halving process ensures its slow and steady release. This mimics the extraction of valuable resources such as gold, which becomes increasingly difficult and energy intensive to mine over time.
2028 - 20,3M/21M (96,67% mined)
2035 - 20,8M/21M (99,05% mined)
2053 - 20,99M/21M (99,52% mined)
2066 - 20,999M/21M (99,997% mined)
2080 - 20,9999M/21M (99,9997% mined)
2093 - 20,99999M/21M (99,99997% mined)
Around 2106 there will be 20,999999M/21M BTC (99,999997% mined).
To mine the last BTC it will take almost another 40 years.
The last Bitcoin will be mined approximately in the year 2140.
Halving Party
We are currently celebrating the Bitcoin Halving with our unique "Halving Party"! We've been at it for a week already, and there's still plenty of excitement to come as the celebration lasts for a whole month. During this celebratory time, our two innovative products, CryptoExplorer AI (imagine a ChatGPT tailored to the crypto market) and InvestmentExplorer (our new Discord server combined with an eLearning platform), are completely free. If you sign up for both free products during the Halving Party, you'll have the chance to win lots of exciting rewards.
Don't miss out on the fun and the opportunity to enrich your investment journey with our innovative tools.
Enjoy your weekend!
Cheers,
Stefan
Co-Founder of CryptoExplorer & InvestmentExplorer