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tinam • May 19, 2023, 5:54 pm EDT

Bitcoin Halving 2024, What Does The Future Hold?

Over the past few months, Bitcoin has experienced a surge in its price, climbing from around $3,000 in February to over $11,000 in June. This has led to renewed optimism among investors looking forward to the upcoming Bitcoin halving, set to take place in May 2020. During the halving, the number of bitcoins rewarded to miners for validating transactions will be cut in half. This bitcoin halving means that the rate at which new bitcoins are created will slow down, which is expected to impact the price of Bitcoin positively. Many analysts have predicted that the halving could trigger another bull run, similar to what happened in 2017 when Bitcoin’s price reached an all-time high of nearly $20,000. Some have even suggested that Bitcoin could reach $100,000 or more after the halving. There are a few reasons why this could happen. First, the reduced supply of new bitcoins may increase demand, causing the price to rise. Second, the halving is expected to make the mining process more difficult, which could lead to higher mining costs and a decrease in supply. However, some factors could dampen the impact of the halving. For instance, some investors may take profits before the halving, causing the price to drop. There’s also the possibility of a bear market, which could push the price down further. Despite these risks, many investors remain optimistic about the future of Bitcoin. Some have even suggested that the current price surge is merely a sign of things to come and that we could see another bull run before the halving takes place in one year.

3 minutes

tinam • Apr 21, 2023, 5:46 pm EDT

The Green Debate: Analyzing the Carbon Footprint of Bitcoin and Traditional Finance

The conversation surrounding environmental sustainability has become increasingly important, with many individuals and organizations seeking to limit their carbon footprint. However, one sector that has received limited attention, despite its contribution to greenhouse gas emissions, is the financial industry. In particular, the debate between the carbon footprint of Bitcoin and traditional banks has gained traction in recent years. While both digital and traditional finance has associated environmental costs, Bitcoin’s carbon footprint has come under scrutiny due to the energy-intensive process involved in cryptocurrency mining. In comparison, while still contributing to greenhouse gas emissions, traditional banks strive to implement more sustainable practices by leveraging renewable energy and reducing their reliance on paper products. This article takes a closer look at the carbon footprint of digital and traditional finance, analyzing the environmental impact of Bitcoin and traditional banking and uncovering the measures being taken to address their associated carbon emissions.

3 minutes