Why is Bitcoin halving in 4 years (why is Bitcoin still rising)

Why did Bitcoin halve in four years? Two events occurred before the birth of Bitcoin 1. January 5, 2009: Bitcoin block rewards were halved, from 12.5 BTCs to 6.25 BTCs

February and March: the US government imposed a 30% tax on Cryptocurrency transactions and a 10% tax rate on goods and services; 3、 Four months later: The US Treasury Department regarded Bitcoin as an “illegal” payment method Why did Bitcoin halve in 4 years? These two events indicate the development process and future direction of Bitcoin. In early 2013, an anonymous person tweeted, “I believe you know this is a scam.” He then paraphrased, “We are currently in the third Bitcoin Revolution, which will lead to a significant upgrade – division of the entire blockchain industry. What is Bitcoin and why is it called digital gold? At the beginning of 2011, the price of Bitcoin was close to a high of around $20000, but soon after, it quickly declined to below $30000. For the following three years, prices continued to decline. But by the end of 2015, its value began to rise. At the end of December 2014, the price of Bitcoin dropped below $40000 and has now fallen back to over 4000 RMB In early September 2016, Bitcoin broke through 10000 USD for the first time. The highest price at that time reached approximately $200000 on November 19, 2017, but at the end of August of the same year, it fell again below RMB 30 million and was ultimately fully absorbed by the market. During the same period, its prices also underwent significant adjustments. At the end of 2017, the price of Bitcoin rose to over $6000. At the end of 2019, the market value of Bitcoin had shrunk to $350 billion, but now it has dropped by 50%, reaching around $20 million at its lowest point. If we extend the timeline a bit, Bitcoin prices will skyrocket to around $5000- $7000 in the first quarter of 2019, “said coin blogger” Lao Bai “. 2. Two Bull Bear Cycles Since 2018

1. At the beginning of 2009, Bitcoin was just launched, and after more than half a year of horizontal consolidation, it finally saw its second production halve in mid-2019. Two years later, with the outbreak and gradual recovery of the COVID-19, the global economy fell into a standstill, and many countries’ economies were hit hard. China’s economic recession and the devaluation of the legal figure franc of various countries continued to raise the inflation rate. At the beginning of 2020, the central bank announced the launch of quantitative easing policy to curb deflation and implemented scale effect liberalization in mid June 2020, thereby stimulating economic development. At the same time, due to the impact of the epidemic, major countries around the world have increased their efforts to promote fiscal spending. Therefore, Bitcoin has become a safe haven asset

Why Bitcoin Still Rises

In the 2017 bull market, the price of Bitcoin soared from over $20000 to $40000. The current increase is mainly attributed to the sharp rise in Bitcoin prices and the continued rise of other counterfeit currencies, including mainstream digital currencies such as XRP and ETH, whose prices have already exceeded 10-year highs. But due to the recent downturn in market sentiment, many investors are turning their attention to crypto assets, which has led some to worry about what will happen next? Why is there such a trend? Let’s take a look at why Bitcoin will continue to climb this year and predict that there is still room for further growth in the coming years!