Let's look at why halvings are important;

Right now the price of bitcoin is levelled at the 25k-30k price range, and has been floating there for a while.

This means there is (roughly) as much demand as there is supply. For every bitcoin being sold, someone is buying it at this price.

Now, let's consider that 6 btc are being created every 10 minutes (with every block as miner subsidy )

There are 1440 minutes everyday, which translates to 864 btc being created everyday. Assuming this btc is being sold, and an average price of 26k, that's $22.4 million of supply EVERY DAY.

since the price is stable, this means there is $22million NEW MONEY buying bitcoin every day. 22million going into bitcoin everyday

Now, at halving, the supply halves. At these prices, that means 11.2 million is created in btc. But if demand remains at 22.4 million daily then there is more money entering bitcoin than there is supply.

This is compounded by increased demand from growing adoption or etf etc.

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