While demand is likely to soar, supply will be constrained in 2024 due to the next “Bitcoin Halving” in April. A Bitcoin halving is an event that occurs approximately every four years, reducing the reward miners receive for validating and adding new blocks to the Bitcoin blockchain by half. One of the virtues of Bitcoin is its built-in monetary policy. The reduction in the rate at which new Bitcoins are created leads to a gradual decrease in the overall supply of newly minted Bitcoins. Though the number of halvings in Bitcoin’s history is only three, the stats suggest that bulls should stay the course for at least the next year.

Image Source: Factor Research and Trading Services

2024 is a Presidential Election Year

Did you know that in the past three presidential election years, Bitcoin returns were as follows?

·       2012 +272.4%

·       2016 +161.4%

·       2020 +302.8%

While demand is likely to soar, supply will be constrained in 2024 due to the next “Bitcoin Halving” in April. A Bitcoin halving is an event that occurs approximately every four years, reducing the reward miners receive for validating and adding new blocks to the Bitcoin blockchain by half. One of the virtues of Bitcoin is its built-in monetary policy. The reduction in the rate at which new Bitcoins are created leads to a gradual decrease in the overall supply of newly minted Bitcoins. Though the number of halvings in Bitcoin’s history is only three, the stats suggest that bulls should stay the course for at least the next year.

Image Source: Factor Research and Trading Services

2024 is a Presidential Election Year

Did you know that in the past three presidential election years, Bitcoin returns were as follows?

·       2012 +272.4%

·       2016 +161.4%

·       2020 +302.8%