Suche
Mein Konto
Bitcoin Halving: What does the halving mean for the price?
Discover the current Bitcoin price trends and the potential impact of the upcoming halving on miners and investors. Find out more now!
Bitcoin Halving: What does the halving mean for the price?
The digital currency Bitcoin has experienced remarkable development in recent weeks, with the price repeatedly reaching record levels. Since the beginning of the year, Bitcoin has gained around 50 percent, making the memories of the price decline after November 2021 fade somewhat. However, recent events such as Iran's attack on Israel and profit-taking caused the price of around $71,000 to temporarily fall below $61,000 before stabilizing again at just under $63,000.
Experts attribute the price boom since the beginning of the year mainly to the high demand from several ETF providers who are allowed to offer new Bitcoin funds in the USA. This allows investors to invest in the digital currency without having to directly purchase and store it themselves. The upcoming halving of the reward for verifying Bitcoin transactions is also seen as driving the rally as it indicates slow growth for Bitcoin.
The upcoming fourth so-called halving in the Bitcoin protocol could in turn lead to a price increase as the amount of tokens introduced will be halved. This reduction could further drive demand and make supply tighter, potentially causing the price of Bitcoin to rise. Despite the record prices, many traditional investors are cautious and do not necessarily expect the Bitcoin price to reach the $100,000 mark.
Regarding the halving, there are also uncertainties about how it will affect the miners who obtain the Bitcoin by solving complex computational problems. A reward halving could force less efficient or costly miners out of the market, while professional miners who have prepared for the halving could continue to operate profitably. Although the mining landscape will change, it is unlikely to have a significant impact on the network, according to experts.
The German consumer advice centers warn of the risks of Bitcoin investment due to the strong price fluctuations and lack of security systems. Despite the divided opinions about the further development of the Bitcoin price, the future of the cryptocurrency remains uncertain and is causing a certain degree of skepticism among investors and consumers.