A recurring price adjustment event scheduled every 4 years is called half Inside Crypto world. Notably, this year's Bitcoin block price halving took place on April 18, 2024.
Along these lines, Dan Cardolin, Account Executive for North and Latin America, Channelysys, told the NotiPress team, Halfway is a solid part of the evolution phase of this property. “This is the date expected by investors, traders and companies interested in buying bitcoin blocks at their actual price.” In this way, the executive says, through this fourth segment, the cost per block of Bitcoin will go from 6.25 to 3.125.
Regarding the dynamics of this halving, Cardolin explains, “Historically Bitcoin's price spikes a year after a halving, followed by another correction.” At the same time, he describes, the difference between the latest adjustment cycle and others In 2024, Bitcoin reached a new all-time high before its fourth split. Although the context in which this division arises is significantly different and has implications beyond supply dynamics, it is intended to reduce the rate of issuance of bitcoin to increase scarcity, the administration states.
According to Cardol, after each correction, the acquisition of Bitcoin by institutional investors increases. Therefore, this type of investor owns a significant portion of the cryptocurrency supply. Therefore, given historical institutional participation, Chainalysis predicts that this trend will continue after the second half of this year.
“In this sense, institutional investors not only entered the market, but shaped it, bringing a new credibility and interest,” Cardolin says. In this way, he assures, Bitcoin's increasing integration paves new paths for its demand and use in the global economy.
