Crypto Dan
Bitcoin halving arrives, new supply halved
After Bitcoin's 4th halving occurred on April 20, 2024, the daily supply to the market decreased from approximately 900 to 410. From now on, only about 400 to 500 Bitcoins will be mined per day. In fact, it is highly likely that we will see a steep up within the 2nd or 3rd quarter of 2024 due to the reduced supply and second inflow of new investors in Bitcoin spot ETFs. In the ultra-long term, the fundamentals for Bitcoin's long-term price rise have become stronger due to the laws of supply and demand.