Bitcoin's new block reward halving is just around the corner, set to occur in May 2024. What does this mean for the market? In the past, halvings have led to increased price volatility and a potential supply shock, as the reduced block reward makes it more challenging for miners to break even. Will this halving bring about a new era of growth or uncertainty for the king of cryptos?

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The impending halving could lead to a supply shock, increasing price volatility and potentially impacting miner profitability. This could have a significant impact on the market, potentially causing a short-term drop before Bitcoin adapts to the new equilibrium.