Bitcoin was founded on the premise that the rewards that miners can earn by solving complex math problems would be halved after every 210,000 blocks. There are less than 140 days left until the Bitcoin halving, which is expected to be completed by April 2024 and halves the rewards from Bitcoin mining. Volodymyr Nosov, founder of Ukraine-based cryptocurrency exchange WhiteBIT, shared his assessment of the Bitcoin halving.
"WE SEE THE RISE IN BITCOIN AS POSSIBLE IN 2024-2025"
Reminding that the first halving in Bitcoin took place in November 2012, Nosov said, "Although there was no significant development in the Bitcoin price until the end of 2012, the largest of the cryptocurrencies in terms of market capitalization completed 2013 above a thousand dollars. The second halving took place in July 2016. One of the most critical bull runs in Bitcoin history was seen in the year following this halving, in 2017. Completing that year at around 11 thousand dollars, Bitcoin's rise lasted until the next halving. On May 11, 2020, in the third halving, the Bitcoin price also showed an upward trend. But the real increase took place in 2021. As a company, we expect a similar scenario with a rise in Bitcoin in 2024-2025.
