⭐ Merited by cryptosize (1)
It will be like other halving: because less Bitcoins are being generated, its value will increase.
However, I do not know if the value will increase as much as in the past since we will probably in a cycle of rising interest rates.
However, I do not know if the value will increase as much as in the past since we will probably in a cycle of rising interest rates.
Technically, Bitcoin's price should increase with every block reward halving. But if the global economy is in a recession, you cannot expect things to get better anytime soon. I don't think central banks will keep rising interest rates forever, especially when currencies aren't meant to be deflationary. This is only a temporary measure to help control inflation as a result of the COVID-19 pandemic and the Russia-Ukraine war. After this is over, we can expect Bitcoin to reach a new All-time-high in price.
If you're smart enough, you'd buy as much Bitcoin as you can while the market is bearish. By taking advantage of this opportunity, you will increase your chance of becoming a wealthy person within the not-so-distant future. Who knows what 2024 holds for Bitcoin and other cryptocurrencies on the market? Just my opinion
