BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

This Bitcoin Halving is Different and Here is Why

by Sham
February 12, 2024
in CRYPTO, TECHNOLOGY
Reading Time: 3 mins read
A A
3
SHARES
43
VIEWS
Share on XShare in TelegramShare on Reddit
  • The upcoming Bitcoin halving event will reduce miner rewards from 900 to 450 BTC per day, making new Bitcoin harder to produce over time.
  • Grayscale Investments says this halving is unique due to the advent of Bitcoin ETFs, which provide stable demand, and NFT innovations, which offer new revenue streams for miners.
  • Miners have been preparing by selling some of their Bitcoin reserves ahead of the halving to better handle the impact of reduced block rewards.

The Bitcoin halving event, which occurs every four years, is just around the corner. With less than 10,000 blocks remaining until the next halving, the countdown is on. This event has major implications for Bitcoin’s scarcity and the crypto industry as a whole.

JUST IN: Less than 10,000 blocks until the #Bitcoin halving

Grayscale believes "this time [the halving] is actually different"

What do you think?

— BlockNews.com (@blocknewsdotcom) February 12, 2024

Bitcoin Halving 101

The Bitcoin halving refers to the periodic slashing of miner rewards. Currently, miners receive 900 BTC per day for securing the network. After the halving, this will drop to 450 BTC daily.

Halvings are significant because they make new BTC harder to produce over time. Historically, halvings lead to increased mining difficulty and bullish price action afterward.

Grayscale: Why This Halving is Unique

According to Grayscale Investments, this upcoming halving carries distinct implications compared to previous ones. The crypto asset manager cites Bitcoin’s surge in utility over the past year as setting this halving apart.

Growth of Bitcoin ETFs

One key difference is the advent of Bitcoin exchange-traded funds (ETFs). These provide a stable demand outlet that could offset downward pressure on price from reduced mining rewards.

ETFs also expand access, potentially driving mainstream adoption. As Grayscale notes, “ETFs create access to Bitcoin exposure to a greater network of investors, financial advisors, and capital market allocators.”

Emergence of BTC NFTs

Another factor is the rise of NFTs like ordinal inscriptions on the Bitcoin blockchain. These present a new income stream for miners through increased transaction fees.

Ordinals have already generated over $200 million in fees as of early 2024. Ongoing innovation and developer activity is expected to sustain this trend.

Miners Preparing for Impact

Miners have also been proactively preparing for halving implications by selling some of their BTC reserves since late 2023. This positions them better to handle reduced block rewards.

Even if some miners drop off, network difficulty will adjust to maintain stability. “While [BTC] has long been heralded as digital gold, recent developments suggest that [it] is evolving into something even more significant,” Grayscale concluded.

Tags: BitcoincryptoetfsgrayscaleOrdinals
Tweet1ShareShare
Previous Post

Bitcoin Broke $50,000 a Month Post ETF Approval and Here is Why

Next Post

FTX’s Dramatic Downsize: Sells $10 Million Unit for Just $500,000

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.