This Post-Halving Bitcoin Era Will Be Unlike Any Other

The Crypto industry waits for its once in a four-year event, halving. Every time this event brings on new opportunities for the cryptocurrency and miners. The previous two halvings have shown that Bitcoin is a popular digital currency. But this time, it is way more significant.

The latest halving has reduced the mining reward from 12.5 BTC to 6.25 BTC. The third halving of Bitcoin has now entered into its fourth block reward era. People are making many assumptions about the digital coin after the new halving of BTC.

According to the previous halving events, Bitcoin prices skyrocketed. This halving event is also set to increase Bitcoin prices according to the predictions. There is a twist to the third halving event. If the forecasts to be believed, the current halving case is going to evolve the Bitcoin network like never before.

Satoshi Nakamoto, founder of Bitcoin famously made a quote through Bitcoin embedding which says, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. This quote made it clear that Bitcoin is going to end the printing of money out of thin air.

Bitcoin halvings have proved that it is the most prominent means of wealth. Its previous two halvings have been phenomenal to show a new economy worldwide.  Bitcoin was found during the recession but since then it has proved its existence through every halving occurrence.

Both of the previous halvings occurred in a financially stable period but the third halving has been quite different. It has coincided with a global pandemic COVID-19. According to Paul Tudor Jones, a Bitcoin investor, and an American billionaire, there is a lot of progress in terms of money whether it is in paper form or in digital.

The last block mined during the third halving event included a message that stated, “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue”. This message was displayed along with the 629,999th block along with a permanent time stamp.

This block era has proved that Bitcoin is a digital gold as comprehended by cryptocurrency experts. The Bitcoin is created at the rate of 6.25 BTC every block. It is almost impossible to replace Bitcoin anytime soon.

On the other hand, the fiat currency is losing its place gradually. The Bitcoin, however, has turned out to be a significant asset. Some experts are even comparing the third halving era with the first halving.

Since the first Bitcoin halving or invention took place during the 2008 recession and now there is a global recession again due to the global pandemic. Bitcoin is rising again and again there is an overflowing monetary supply.

The third halving has proved that Bitcoin can withstand any situation in the economy. Bitcoin has a similar yearly issuance rate of 1.8%. It is a tradeable asset and has the potential to kick-off traditional money in the future.

Bitcoin started with a P2P system but recently it is being used in every other financial circulation. It has a resemblance to gold in many ways. It experiences the same level of immunity that gold does during the devaluation period.

Satoshi knew this might happen in the future, that’s why his message included “Chancellor on brink of second bailout for banks”. This message was a hint that no matter what Bitcoin will remain immune from printing press debasement.

Unlike traditional money that is created out of thin air, Bitcoin has proved to be the best form of investment. It does not depend on supply, unlike traditional currency. Everyone agrees that an investment in Bitcoin is worth making even during the worldwide pandemic.

The third halving of Bitcoin has created a history. The digital coin has come out even stronger than its inventor predicted. When there is a situation of global rush and recession, Bitcoin stands strong and its value keeps on increasing. The third halving of Bitcoin has been remarkable and Bitcoin is the currency of the future if the statics will remain as it is.

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