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Main » All crypto news » Until the next BTC price decline is several times more than one year away - where does the BTC move?
Until the next BTC price decline is several times more than one year away - where does the BTC move?
The subsequent halving of BTC's value will be a major topic of discussion in the market over the next few months. What led to this is that the recent action had a significant impact on the value of BTC.
The halving of the value means a decrease in the rate at which other blocks are created and a decrease in profits for traders.
Currently, the profit per block of Bitcoin is about 6.25 BTC and it takes about 10 minutes to create a block. Next April, the profit per block will drop to 3.125 BTC, reducing Bitcoin's drop in importance from 2.0% to 1.0%. Bitcoin's drop in importance is forced to maintain its downward trend and approach zero, so that bitcoin's supply does not then go over 21 million.
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