Halving disclosure ⠀ It's no secret that in 2024 the bitcoin | Crypto | Bitcoin | Ethereum | Altcoin | News

Halving disclosure
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It's no secret that in 2024 the bitcoin mining process will become more complex and BTC will grow to $100k. Or maybe even to $400k if some reputable analysts are to be believed.

The topic of growth has been actively discussed on Twitter and in all other media for the last couple of months. Well, how else can we make money in BTC?

In fact, the increase in the complexity of mining, directly, practically does not affect the rate of everyone's favorite cryptocurrency. The mechanics of price formation depends primarily on the supply/demand balance.

demand is higher; supply is higher
There are more purchases, but also more sales. Accordingly, the price is maintained.

demand is higher; supply is lower
There are more buyers, less sellers. We're moving rapidly upwards.

demand down; supply down
The number of purchases decreases, sales also decrease. Equilibrium again (which we have been seeing for the last month, by the way).

demand is lower; supply is higher
And accordingly, there are fewer buyers and more sellers. A rapid fall downwards.

The third factor of influence is the total number of coins in circulation. Obviously, the higher the issue, the worse for the price. This factor is exactly what is affected by halving.

But! Let's imagine that 900 BTC are being mined every day. And they are reluctantly sold out, mostly held, because they see the prospect in bitcoin for various reasons. After halving, for example, there will be 400 BTC per day. But, at the same time, the investment attractiveness of BTC, let's say, will fall. Then both new and old bitcoins will sell out quickly, putting serious pressure on the glass.

At the same time, there will be fewer buyers. That is, we will get the third scenario described above. In which demand falls, supply increases, and the price goes to the bottom. And no halving will not be able to prevent the fall.

Therefore, it is important to remember! The market value of any asset depends primarily on the supply/demand balance. And if this balance is broken for various reasons, for the worse/for the better... then there is a natural change in price.

But, if we consider halving as one of the levers to influence supply/demand and maintain investment attractiveness... Yes, news noise does have a positive impact on the price. After all, thousands of investors will go to buy bitcoin (demand is higher) or continue to hold it (supply is lower) after reading headlines like "Halving is coming, mining BTC will be harder, $400k soon".

Do you believe bitcoin will be worth 100K+?

- Yes
- No

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