Dear inspired hustlers,
With roughly 9 hours to BTC halving - here are three things you need to know
1. Miner Rewards
When the halving hits, miner rewards get chopped in half faster than a samosa at an iftar party. Instead of nearly 900 shiny BTC per day, the network will only mine about 450 BTC. 🎉
2. Supply & Demand
The supply of Bitcoin on exchanges is at a 5-year low, and guess what? Ain't nobody rushing to sell!
Long-term holders and crypto whales are holding onto their treasures tighter than a Karachi traffic jam. In fact, nearly half of all Bitcoin hasn't budged in over three years—that's a record high! Plus, let's not forget about the 7% of BTC lost forever in the digital abyss. 😱
3. Demand Surge
Demand for Bitcoin is soaring higher than a kite during Basant! 🚀 This year alone, while miners were busy digging up roughly 98,512 BTC, ETFs, MicroStrategy, Tether, and other big players swooped in and grabbed a whopping 261,300 BTC—more than double what was mined! And that's not even counting the crypto fever spreading to governments like El Salvador.
In Summary: 📈 Demand is shooting through the roof like a rocket. 📉 Supply is reducing faster than biryani at a dawat.
BlackRock Calls Bitcoin the ‘Most Widely Adopted’ Digital Asset
In a recent video discussing the asset, BlackRock has called Bitcoin “the most widely adopted digital asset in the world.” The asset management firm’s US Head of Thematics and Alternative ETFs, Jay Jacobs, noted the cryptocurrency’s immense status and promise in a video published this week.
BlackRock was one of the most prominent firms to be greenlit to issue the United States inaugural Spot Bitcoin ETF products. Since its arrival in early January, it has proven to be a massive success, driving the overall digital asset industry forward
So, what's the bottom line for you, dear crypto comrades?
Buckle up because the Bitcoin halving is just around the corner, and the stakes have never been higher!
Keep your eyes peeled for more updates, insights, and crypto adventures straight from team inspired analyst.
Until next time,
-Zain Signing off!
keep hodling and stay crypto-cool! 😎