Summary
TLDR: Bitcoin’s fifth epoch has begun with the recent halving, reducing miner rewards to 3.125 BTC per block. Historically, Bitcoin’s price has risen post-halving, but the macroeconomic landscape and Wall Street’s involvement make this moment unique. With spot Bitcoin ETFs attracting institutional players, the impact of the halving may be less volatile. Miners are better prepared for the event, which could lead to a more resilient and efficient mining landscape.
Key Points
1. Bitcoin’s fifth epoch has begun, marked by the halving event that reduces the reward for miners by half, ushering in a new era of digital scarcity.
2. Historically, Bitcoin’s price has shown positive momentum after each halving, with the most explosive gains typically occurring 180 days later.
3. The current macroeconomic landscape, including rising interest rates and the availability of Bitcoin investment vehicles on Wall Street, could impact Bitcoin’s performance post-halving in a unique way.