rajatsonifnance on Nostr: The next #Bitcoin halving is on April 20th, 2024. The rate at which new Bitcoin is ...

The next #Bitcoin    halving is on April 20th, 2024.

The rate at which new Bitcoin is being added to the economy will drop by 50% for the 4th time EVER.

This halving will impact the following 210,000 blocks of data that will be produced.

JAN 2009-NOV 2012: First Epoch

Bitcoin Block 0 to Block 209,999:

- Miners receive 50 Bitcoin per block
- 10,500,000 Bitcoin produced
- 100% 4-year "inflation" rate

NOV 2012-JUL 2016: Second Epoch, first halving

Block 210,000 to 419,999:

- Miners receive 25 Bitcoin per block
- 5,250,000 Bitcoin produced
- 33.3% 4-year "inflation rate

JUL 2016-MAY 2020: Third Epoch, second halving

Block 420,000 to 629,999:

- Miners receive 12.5 Bitcoin per block
- 2,625,000 Bitcoin produced
- 14.29% 4-year "inflation" rate

MAY 2020-APR 2024: Fourth Epoch, third halving

Block 630,000 to 839,999

- Miners receive 6.25 Bitcoin per block
- 1,312,500 Bitcoin produced
- 6.67% 4-year "inflation" rate

APR 2024-Q1 2028: Fifth Epoch, fourth halving

Block 840,000 to 1049,999:

- Miners receive 3.125 Bitcoin per block
- 656,250 Bitcoin produced
- 3.225% 4-year "inflation" rate

3.225% of the total supply will be created and added to the economy OVER THE NEXT 3 YEARS AND 11 MONTHS.

US CPI Inflation was 3.5% in A SINGLE YEAR, from March 2023 to March 2024 - this is just the rate at which prices have increased

If you account for a technology improvements, how can prices RISE?

Today we're eating fake meat, we're using fake cotton, we're using fake wood, we're driving electric cars that don't even use gas, and newer generations are occupying smaller and smaller living spaces (I've seen 350 SQFT condos in Toronto).

Nobody knows how many dollars will be produced over the next 10 DAYS.

Do you see where this is going?

Today, most of the world uses US dollars to save.

10-15% more US dollars are produced EVERY YEAR to ensure that the US government can keep spending recklessly.

US dollars are used as the world reserve currency - almost everyone in the world wants to save in dollars because they reliably lose ONLY 3-5%/YEAR while other currencies lose 30-50%.

Bitcoin is the only asset we know that has a finite, pre-determined supply.

The world will move to a Bitcoin standard once more people realize that governments can't steal from them when they own Bitcoin.

They will see the people around them experience their cost of living steadily dropping on a Bitcoin standard.

US Dollars are forced on the market by the US government.

Bitcoin will be forced on the US government by the market because of its transparency.