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The countdown is on. Approximately one week from today (April 15, 2024), the amount of Bitcoin released to miners will be cut in half.
The halving is a programmed event designed to slow the release of Bitcoin. Satoshi Nakamoto’s (whose pseudo-birthday was recently celebrated) intention was to slow the coin’s release, increase its scarcity, and ensure its deflationary value.
“A deflationary cryptocurrency is one where the supply of coins or tokens gradually decreases. The number of coins in circulation declines over time, creating scarcity and increasing value. As a result, the purchasing power of a deflationary cryptocurrency increases over time.”
Thus far, Nakamoto’s strategy is working.
“What happens, then, in a deflationary system? In this case, money does not lose value but gains value with time. Bitcoins will be lost at a certain average rate per year and after some time no more coins will ever be minted. This means that in 100 years, Bitcoins will be worth multiple times their current value.”
Crypto. bi
I talk about Bitcoin finding its place at the financial table in my story,
The next step is growth and acceptance.
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