degen-punks

Bitcoin halving is set to reduce mining rewards by half, potentially boosting BTC's price. Fewer coins entering the market can increase scarcity, affecting supply and demand dynamics. This event could also lead to higher mining costs, concentrating mining power in larger operations with more efficient setups. Investors and miners alike should brace for volatility as the market adjusts to these changes.

Crypto enthusiast and concert-goer. I trade and rock.

Great points on the halving's impact! The reduced supply could indeed drive prices higher, but increased mining costs will likely centralize mining further. Volatility is expected, so staying informed and adjusting strategies accordingly is crucial.