The Obvious Reason Why Bitcoin Halving Will Skyrocket Its Price Is Law of Supply and Demand

With regard to the law of supply and demand, Bitcoin presents an initial guarantee concerning the available supply.

Bitcoin exists in finite quantities and the number of Bitcoins that will be put into circulation is 21 million.

This guarantee is verifiable since it is written into the Bitcoin source code itself.

By arbitrarily setting this limit when creating Bitcoin, Satoshi Nakamoto has decided to make Bitcoin something scarce.

We also know how many Bitcoins have already been mined.

18,218,287 Bitcoins have already been mined as of February 15, 2020.

Best of all, the Bitcoin production model is predictive.

As the Bitcoin Blockchain was designed, we know that the production of new Bitcoins will slow down every 210,000 validated transaction blocks.

By 2140, all Bitcoins will have been put into circulation.

Halving is the name given to the reduction in the number of Bitcoins produced. It is an automatic operation written into the Bitcoin source code.

As you know, the production of new Bitcoins is done each time a new block of transactions is validated and then added to the Bitcoin Blockchain.

A block of transactions is validated every 10 minutes on average on the Bitcoin network:

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