TL;DR
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Every ~4 years, BTC becomes twice as hard to mine – and because a steady supply of 21 million BTC was once created, the “Bitcoin Halving Cycle” historically coincides with the start of a bull run.
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An analyst Twitter compile a chart that shows the status of the current Bitcoin cycle and how it compares to previous ones at similar stages (see below).
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What we can saying is that the BTC halving cycle is inevitable and there is typically more profit to be made after the 75% mark.
Full story
Imagine a world where only 21 million M&Ms would ever be made.
In the beginning you could get them at any shop on the corner of the street. Heck it would be so easy to get your hands on them, most people wouldn’t really care if they accidentally threw them away or lost them…
But then, about every four years, half of the stores that sell M&Ms would stop selling them.
M&Ms would be way harder to find, making each chocolatey morsel more valuable with the passage of time.
The above scenario is pretty damn theoretical! BUT it explains the Bitcoin halving cycle pretty well.
Every ~4 years, BTC becomes twice as hard to mine – and because a steady supply of 21 million BTC was once created, the “Bitcoin Halving Cycle” historically marked the beginning of a bull run.
(Demand + scarcity = people value it more).
As of this week, we are three quarters of the way to the next BTC halving.
An analyst Twitter compile a chart that shows the status of the current Bitcoin cycle and how it compares to previous ones at similar stages.
* Note that the Y-axis is on a logarithmic scale (thanks Ms. Zimbardo!)
