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2024 Halving Event Set to Drive Bitcoin Price Past $69,000 All-Time High
Bitcoin’s upcoming halving event, which is set to automatically reduce the BTC reward given to successful miners upon validating a new block, is set to drive the bitcoin price to new highs just as it has done in previous years. “If we’re using history, it’s going to be good,” TheStreetCrypto’s George Tung reported in the video above. “Just like the three previous halving events that we had.” Perspective: On the 11th anniversary of bitcoin’s first halving, celebrated yesterday, Tung reflected on the price changes before and after previous events. He noted that, in 2012, the bitcoin price on halving ... (full story)