The term Bitcoin halving is certainly familiar to you, because this term must be understood by all Bitcoin lovers, both traders, miners and investors. The Bitcoin halving is a halving of the miner's reward which will occur every four years. We are currently entering the 4th Bitcoin Halving, which is expected to occur in March 2024. Miner rewards will drop from 6.25 BTC to 3.125 BTC. If we trace the previous Bitcoin halving trail, this reduction in rewards does not immediately show a significant impact on the Bitcoin price. During the Bitcoin halving May 11, 2020 the price of Bitcoin was $8,755.50 a day later it dropped to $8,610.30. ATH was just reached at the price of $68,789.63 which occurred on Nov 10, 2020. What Should We Do? If you are a miner, even though the Bitcoin rewards that will be received are less, the selling price of Bitcoin is very high so that it will make big profits for the miners. According to experts nowadays more miners keep their Bitcoin proceeds than sell it on exchanges. If you are a trader and investor, During the Bitcoin halving, buy as much Bitcoin as you can, save and invest for at least a year. Although the main purpose of the Bitcoin halving is to reduce Bitcoin's inflation rate, reducing the reward by half will have a huge impact on the price of Bitcoin. Because the Bitcoin halving is sure to happen, we must prepare an investment strategy so that we will get the maximum profit.
