Bitcoin in the after-half
The title of our article is a reference to the Bitcoin mining reward per block being cut in half from 12.5 to 6.25. This marked the third halving event since Bitcoin’s creation and it is designed to cut block rewards for miners 29 more times, with the next two estimated to occur around 2024 and 2028. Sunday the day prior to this event Bitcoin lost about 20% in value and although there is a direct link to the supply side of Bitcoin previous events have not had any clear discernable consistent effect in terms of price. Other than the fact that price has gone up considerably each time.
In fact, one ASTONISHING metric I believe has been overlooked completely as far as I am aware of Is that Bitcoin loosely has grown at a true exponential rate if you consider the formula below.
BP + 1HE = BP2 ± 4 x Q And Q=〖10〗X N
BP stands for Bitcoin price, HE stands for halving event N is in reference to which halving you are factoring for i.e. the second halving in 2016 would have a value 2 for N.
Tomorrow I will go over this formula in detail and show how it is accurate and even more exciting what it entails for the future price of Bitcoin if it remains true.