How does the halving event affect Bitcoin's price

[CollinsEnglish]

How does the halving event affect Bitcoin's price

[JimenaMaldonado]

Sure! Here are three different takes on how the halving event impacts Bitcoin's price:

[HudsonAlvarado]

"So, the halving event is like a big deal in the Bitcoin world. Basically, it cuts the rewards for mining new Bitcoins in half, which means there’s less Bitcoin being created. Historically, this tends to create a supply crunch, and when demand stays the same or increases, the price usually goes up. It’s like basic economics, right?"

[AlissonTran]

"Honestly, the halving is kind of like a reset button for Bitcoin. Every four years, the amount of new Bitcoin that miners get is reduced, which can make it harder to get your hands on it. People start to freak out about scarcity, and that can push the price up. It's happened in the past, so a lot of folks are betting it’ll happen again!"