21Shares AG, the world’s largest issuer of cryptocurrency exchange traded products (ETPs), has just released a new research report on the highly anticipated Bitcoin halving event. Scheduled to take place in April 2024, the fourth Bitcoin halving will cut the rewards for mining new blocks in half, reducing the rate at which new Bitcoins are introduced into circulation.
This event, which occurs approximately every four years, is a crucial moment in the crypto industry as it gradually decreases the annual issuance until it reaches the programmed supply cap of 21 million units. Known for sparking significant market movements, the Bitcoin halving has historically caused supply shocks, leading to increased interest and speculation within the crypto community.
However, 21Shares’ latest report highlights that the upcoming halving is happening amidst unique market dynamics, prompting a reassessment of its potential impacts. The comprehensive report delves into the implications of the Bitcoin halving, offering in-depth analysis of its effects on the market, the mining community, and the broader Bitcoin ecosystem.
Adrian Fritz, Head of Research at 21Shares, stated, “As we approach another milestone in the history of Bitcoin with the upcoming halving, our report aims to provide clear, insightful analysis into the potential impacts on the market. We are committed to delivering insights that empower investors and stakeholders with the knowledge they need to navigate this transformative event.”
This report underscores 21Shares’ commitment to advancing the understanding of cryptocurrency markets and facilitating informed decision-making within the industry. For more information about 21Shares and to access the full Bitcoin halving report, visit their website.
21.co, the parent company of 21Shares, is a leader in providing access to crypto through simple and easy-to-use products. Founded in 2018 by Hany Rashwan and Ophelia Snyder, 21.co is registered in Zurich, Switzerland, with offices in Zurich and New York.
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