ZFRKHN pfp

ZFRKHN

@zfrkhn

85 Following
31 Followers
ZFRKHN pfp
ZFRKHN
@zfrkhn
GM Human on Planet EARTH 🌎
0 reply
0 recast
2 reactions
ZFRKHN pfp
ZFRKHN
@zfrkhn
That's some great Update
0 reply
0 recast
0 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
Good Morning Phaverians
1 reply
0 recast
2 reactions
ZFRKHN pfp
ZFRKHN
@zfrkhn
NOICE
0 reply
0 recast
0 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
Waddup Community
0 reply
0 recast
1 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
Greta Great News to be believed and doing trust in $SOCIAL
0 reply
0 recast
2 reactions
ZFRKHN pfp
ZFRKHN
@zfrkhn
SOME GREAT INFORMATION ABOUT BTC HALVING
0 reply
0 recast
3 reactions
ZFRKHN pfp
ZFRKHN
@zfrkhn
Me too انشاءاللہ
0 reply
0 recast
0 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
Let's see who engages with my reply
0 reply
0 recast
0 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
I sincerely enjoy being here with Farcasters 🤪😇
0 reply
0 recast
1 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
Congrats for being so early
0 reply
0 recast
0 reaction
Income Guide pfp
Income Guide
@incomeguide
Follow Like Recast Claim
0 reply
2 recasts
2 reactions
ZFRKHN pfp
ZFRKHN
@zfrkhn
Thanks for the Welcome 🤪😅
0 reply
0 recast
0 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
0 reply
0 recast
0 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
GM, ONLY HUMANS CAN INTERACT TO THIS POST 🤪
1 reply
0 recast
0 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
Bitcoin's Price and Demand Bitcoin has attracted the attention of retail and institutional investors, increasing demand fueled by increased media coverage, investing "experts," and business owners touting the value a bitcoin has and will have. Bitcoin has also become popular in countries with high inflation and devalued currencies, such as Venezuela. Additionally, it is popular with those who use it to transfer large sums of money for illicit and illegal activities. This means that shrinkage in future supply has coupled with a surge in demand to fuel a rise in price. However, bitcoin's price still fluctuates in alternating periods of booms and busts. For example, a run-up in bitcoin's prices in 2017 was succeeded by a prolonged low, then two sharp increases and downticks through 2021. In 2024, its price soared to more than $75,000 on one exchange after the Securities and Exchange Commission approved several Bitcoin Spot ETFs, a result of an increase in demand.
0 reply
0 recast
0 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
FAST FACT:- The Bitcoin block reward is reduced about every four years. This is called a halving, where the number of coins given as a reward for successfully mining a block is cut in half. The last halving was on April 19, 2024, which brought the block reward to 3.125 bitcoin.
0 reply
0 recast
1 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
Effects of Supply on Bitcoin's Price The supply of an asset plays a vital role in determining its price. A scarce asset is likelier to have high prices, whereas one available in plenty will have low prices. Bitcoin's supply is generally well-publicized, as there will only ever be 21 million produced and only a specific amount created per year. Its protocol only allows new bitcoins to be rewarded at a fixed rate, and that rate is designed to slow down over time. Therefore, Bitcoin's future supply is dwindling, which adds to demand. This is similar to a reduction in corn supply if harvests were to be reduced every four years until no more was harvested, and it was publicly advertised that it would happen—corn prices would skyrocket.
0 reply
0 recast
0 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
How Is Bitcoin’s Price Determined? Bitcoin's price changes because of its supply, the market's demand, media and news, and regulatory changes. Some research suggests that the cost of producing a bitcoin also influences its prices, but most reports used assumed data rather than facts. Bitcoin is not issued by a central bank or backed by a government; therefore, the monetary policy tools, inflation rates, and economic growth measurements that typically influence the value of a currency do not apply to Bitcoin.
0 reply
0 recast
0 reaction
ZFRKHN pfp
ZFRKHN
@zfrkhn
The Bottom Line A Bitcoin halving cuts the rate at which new Bitcoins are released into circulation in half. The rewards system is expected to continue until 2140, when the proposed limit of 21 million bitcoin is theoretically reached. In 2009, the reward for each block in the chain mined was 50 bitcoins. After the first halving, it was 25, 12.5, and then 6.25 bitcoins on May 11, 2020. The reward was reduced to 3.125 when the latest halving occurred on April 19, 2024. Bitcoin halving has significant implications for its network. For miners, the halving event may result in consolidation in their ranks as individual miners and small outfits drop out of the mining ecosystem or are taken over by larger players.
0 reply
0 recast
0 reaction