Home Cryptocurrency Bitcoin (BTC) Prices to Rise After Halving Due to Stronger Fundamentals

Bitcoin (BTC) Prices to Rise After Halving Due to Stronger Fundamentals

by SuperiorInvest

“Historically, block rewards have introduced potential selling pressure into the market, with the possibility that all newly mined bitcoins could be sold, affecting prices,” Zhao wrote. “Currently, 6.25 bitcoins mined per block is equivalent to approximately $14 billion per year (assuming the price of bitcoin is $43,000).”

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