đCan Bitcoin Reach $100,000 by 2024?đ
The current year is the year of Bitcoinâs fourth #halving . It is expected to occur in the month of April. It forms the basis of #Bitcoin⏠âs monetary policy and supports its increasing scarcity by cutting Bitcoinâs supply growth rate in half approximately every four years.
At one point the supply growth rate of Bitcoin exceeded 10%, but it has been cut to about 1.75%. In the halving month, i.e. anticipated in the month of April, this year it will fall to just 0.85%. The BTC halving will continue until all the 21 million coins are mined, sometime in the year 2140. Currently, around 19.6 million BTC coins are circulated in the cryptocurrency market.
