#4
As per my understanding, it has something to do with the law of supply and demand. As the rewards are halved every four years, it means that the supply is getting lower. When the demand is high and the supply is low, the price increases.
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#3
How does supply drop?
There is currently 17'947'512 total bitcoin available. Out of those 17'947'512 around 3% is being traded daily. There are still 97% left in supply to be traded. Okay lets say there is still around 80% left due to the fact that lots of bitcoins are lost somewhere never to be found.
So where does this shortage of supply comes?
Why should people suddenly start buying more BTC?
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#2
Every 4 years, the block reward drops in half, which is commonly known as the halving event.
The current block reward is 12.5 BTC being minted roughly every 10 minutes.
After the halving, only 6.25 BTC will be minted every 10 minutes.
This means that there will be fewer coins being sold by the miners.
Supply drops, demand stays the same. Price goes up.
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#1
I hear a lot of discussion around BTC halving that is expected in May 2020.
Many people are confident that this event will trigger the next bull run.
What is the logic behind this?
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