The integration of Bitcoin as a payment mechanism (or, in fact, its increasing attractiveness as an asset class) will not take place without technological improvements in its ecosystem. While Bitcoin futures follow the general trends of current cryptocurrencies, experts claim that they may not directly track the price of Bitcoin. Bitcoin and cryptocurrencies have fluctuated sharply over the past week, and the price of bitcoin has fallen sharply before suddenly rebounding. It's complicated and algorithmic in nature, but in essence, halving is a step in the Bitcoin mining process that reduces the reward for mining Bitcoin transactions by half.
Bitcoin also goes through a process of halving every four years, meaning that the amount of Bitcoin rewarded by mining the currency (through a proof of work consensus) will be halved. Like any other asset, Bitcoin is affected by news related to it, whether it's about Bitcoin itself, cryptocurrency exchanges or blockchain technology. There are a limited number of bitcoins in the world. There are only a limited number of bitcoins in the world, twenty-one million, to be exact, so supply and demand will generate scarcity and greater value over time.
Masterluc is an anonymous Bitcoin trader, known for his impressive Bitcoin price predictions.