BREAKING: Bitcoin CEO confirms they anticipate severe supply chain issues in Q2 of 2024. They expect global restraints, cutting the new supply in half.
I'd recommend stacking what you can before Q2 of 2024.
#bitcoin
Discussion
Please point me to some article or a podcast episode that will help me understand why the halving is supposed to cause the USD price of Bitcoin go up?
I get that it will slow down the Bitcoin issuance but by a very small amount, right? Like from 1.6% to a 0.8% a year, correct?
The new supply of bitcoin will fall from 900 mined per day to 450 mined per day. The floor of what miners can sell their bitcoin for to cover their fiat expenses will be raised dramatically, since they'll be earning half the amount to sell.
Based on today's price and rate of issuance, there's ~$900 million a month flowing into bitcoin to maintain these prices. Even if that demand doesn't increase (highly unlikely, imo, given the banking crisis and money printing that's coming), the same demand would be coming for half the new supply.
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