Hello Valhalla. This thread is mostly serving as a placeholder for further discourse on the upcoming bitcoin Halving/Halvening and the potential long-term plays surrounding it.
Don’t know what the Halving is or why you should give a shit? Let me explain it in two sentences or less:
New Bitcoin is minted approximately every 10 minutes (don’t worry, there is a 21,000,000 bitcoin cap, it’s not infinite). Every 4 years since the inception of the Bitcoin network, the amount of Bitcoin that’s minted on that cycle has been cut cleanly in half.
As far as price action for Bitcoin, this has had meaningful (and predictable) effects despite it only having occurred three times. The next halving is anticipated to occur in early July 2024.
I’ve included a couple of charts that helps showcase how this has moved Bitcoin’s price in the past. This thread is just a platform for further discussion.
Personally I will be refining my DD on some of the proxies (miners), and uploading here.
Thanks for reading. Love ya guys. Shoutout to <@363741563072937984> and yes, even <@718915739284799499>.
