The next crypto bull run may be coming sooner than expected (!)
Ever wish you could just fast-forward through the bear market and get to the next bull run, sooner?
Your wish may be being granted...
Historically, each Bitcoin halving has triggered a crypto bull run, like clockwork - and the next halving may be coming much sooner than previously expected.
Here's how it works/what's happening:
Every time a transaction is made on Bitcoin, it's sorted into a group (known as a 'block'), the computers (aka miners) that process these 'blocks' of transactions get rewarded with BTC for doing so.
Once 210,000 blocks of transactions are processed, the rewards halve (which usually takes four years):
Less rewards means less Bitcoin is being put on the market each day. Making it scarcer and historically increasing its value massively in the year(s) following.
And when Bitcoin goes up, it often takes the rest of the crypto market with it.
Blocks of transactions usually take 10 minutes to process, so right now there're 6.25 BTC being added to the market each time this happens.
But the speed at which blocks are being processed is increasing and currently sitting at once every 8 mins. Which doesn't sound like a lot, but that 2 minute saving adds up over days/weeks/months.
If this pace can be sustained, we could see the next bull run start in December of next year, instead of March 2024.
Nice!
But here's the bad news: a year is a long time and processing speeds fluctuate. The Bitcoin network will go out of its way to make processing transactions harder, if things are moving too quick.
Here's the silver lining: the network recently did just that, and it didn't slow miners from maintaining their higher speeds.
This news gets two thumbs up, three gold stars and a pat on the back.
We love to see it.
