The new entrants coming into Bitcoin via the recently launched ETF and prices bounce back up towards $50,000, it’s a good time to dig a bit into the Bitcoin halving, as we’re expected to go into another halving event in mid-April.refers to the recurring event that reduces the blockchain rewards paid in bitcoin and given to miners for validating transactions and creating new blocks on the blockchain.
To look more closely into the effects Bitcoin halving periods have had on distribution of returns, we looked back from July 2010 to February 2024 utilizing the CoinDesk Indices Bitcoin XBX Price Index, and compare the distribution of weekly returns of each halving period as bitcoin increased in value from 0.1 to recent levels of 50k USD per BTC.
Looking beyond the halving events, the future of Bitcoin mining will eventually transition to relying solely on transaction fees once all 21 million Bitcoins have been mined. This shift will occur approximately 31 years after Bitcoin's inception. Miners will need to adapt to this change towards relying solely on transaction fees, although this will be a gradual change from each halving.
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