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Compared to MSTR, Bitcoin has seen a much smaller but still impressive increase of 463%, while its physical rival gold has added only 16% and silver has gone down 1%. S&P 500 index, with which BTC often shows correlation, has gained 52% and Nasdaq gone up by 47%. Bonds, according to the graph, have plunged by 21% since 2020.In four days, the much-anticipated Bitcoin halving will take place, slashing miners’ rewards by half and leaving them with 3.
The fundamental event is to occur in four days. The cryptocurrency community expects the Bitcoin price to skyrocket after the halving. However, no more or less forecasts with a fixed date have been made yet. The trick with mining is that is increases Bitcoin’s scarcity as it continues to decrease the amount of coins injected into the circulating supply daily. So far, this figure holds at 900 BTC but after halving, it will be reduced to 450 BTC minted per day.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.
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