Donald Trump

Bitcoin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-analyze-bitcoin-price-surge-after-halving-events/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Experts Analyze Bitcoin Price Surge After Halving Events</a><br></p>
<p style="text-align: justify">The election victory of Donald Trump in the United States is not considered the main reason for the recent price surge of Bitcoin . Jesse Myers, co-founder of Onramp Bitcoin, acknowledges that the Bitcoin-friendly new administration has provided a partial catalyst; however, he indicates that the primary reasons are related to the supply shock following the halving event.</p>
<h2 id="supply-shock-after-halving">Supply Shock After Halving</h2>
<p style="text-align: justify">The Bitcoin halving that occurred in April cut block rewards from 6.25 BTC to 3.125 BTC. This means that each new block becomes harder to solve, and the rewards decrease. Myers stated, “The real story is that we are over six months past the halving.”</p>
<p style="text-align: justify">The reduced supply indicates that there is insufficient supply at current prices to meet demand. Myers added, “Prices will need to rise, which could lead to a bubble.” Onchain analyst James Check noted that gold added approximately $6 trillion in market value over the past year, while Bitcoin only holds a market cap of $1.6 trillion.</p>
<h2 id="increased-demand-for-bitcoin">Increased Demand for Bitcoin</h2>
<p style="text-align: justify">Anthony Scaramucci reassured those who have not yet invested in Bitcoin, saying, “You may feel like you missed out, but you are still at the beginning.” It is anticipated that the U.S. will establish a strategic Bitcoin reserve, with other countries likely to follow suit. Currently, 94% of existing Bitcoin is either in circulation or lost, implying that only about 1.2 million BTC could be added to the circulating supply.</p>
<p style="text-align: justify">Historically, the halving of Bitcoin’s supply every four years has resulted in price surges and bubbles. This cycle ensures Bitcoin remains a unique investment vehicle, with expectations of further price increases in the future.</p>
<p style="text-align: justify">Bitcoin investors predict that prices will continue to rise due to the supply shock following the halving. The interplay of decreasing supply and increasing demand raises Bitcoin’s value, while interest from institutional investors and governments is also on the rise. These dynamics bolster Bitcoin’s long-term sustainability.</p>
<p>The post <a href="https://en.coin-turk.com/experts-analyze-bitcoin-price-surge-after-halving-events/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Experts Analyze Bitcoin Price Surge After Halving Events</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Experts Analyze Bitcoin Price Surge After Halving Events

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