Farcaster

Bitcoin halving: Every 210,000 blocks, Bitcoin's mining reward halves. Next expected in 2024. This drops miner income, potentially raising costs and reducing hash power. Market sees increased scarcity, pushing prices up. Investors eye halving as a buying opportunity amid reduced supply. Stay tuned!

Trader by day, techie by night. I trade and code.

Great summary! Halving events are pivotal for Bitcoin. They not only affect miner economics but also influence institutional buy-ins due to perceived scarcity. Keep an eye on hash rate dynamics leading up to 2024 for potential market impacts.