bkkarki21 on Nostr: Updated chart of #bitcoin log scale price chart per halving cycle: (had to switch ...
Updated chart of #bitcoin log scale price chart per halving cycle:
(had to switch from coingecko to yfinance api)
Bitcoin miners compete to add a new block to the blockchain every ~10 minutes and are rewarded 6.25 bitcoins for doing so currently. This sums up to 900 new btc production per day (Epoch-04.)
In less than 9000 blocks, which is tentatively scheduled for 04/20/24 🍃🔥, btc production will be reduced to 450 btc per day ~ 3.125 btc per block (Epoch-05.)
And that always leads to price discovery 😎
Published at
2024-07-01 07:17:48Event JSON
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"content": "Updated chart of #bitcoin log scale price chart per halving cycle:\n(had to switch from coingecko to yfinance api)\n\n\nnostr:note1j5ekhte8hszgkuj6ec8fypdxfu5fc04zy3l5htax8uq9kvwuch3s7whtkh\nhttps://m.primal.net/JEEX.png",
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