📈 Is this the beginning of the bitcoin bull market?

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GM everyone. This is 2036, the crypto newsletter that pays you 💸

In 12 months exactly, bitcoin will undergo its next halving.

The halving has traditionally been preceded by a huge bull market.

Is this still the case? and wtf is the halving?

Let’s dig in.

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It’s inevitable.

At some point, you’re going to hear about this.

People left and right on social media will start clamoring about THE HALVING!

So we figured we’d give you all the deets upfront so that when the normies start screaming about it, you’re the sharpest knife in the drawer.

2036 keepin’ you ahead of the game.

If you’re a regular reader of 2036, you already know what bitcoin mining is.

New bitcoins are released into the market through bitcoin miners - supercomputers that verify the transactions on the bitcoin blockchain.

These computers compete to solve complex mathematical problems. The fastest ones to find the answer get a reward - some brand new bitcoin.

Every 4 years, the amount of bitcoin miners receive in exchange for securing the network HALVES.

Yes, that’s why the event is called the bitcoin halving. Very original and unique name.

When bitcoin started, the initial reward to miners for completing a transaction was 50 BTC.

Today, the reward is 6.25 BTC.

And in 2024, the reward will fall to 3.125 BTC.

(It keeps falling btw. In 2140, the reward will be 0 - as all bitcoins will have been mined, and miners will then be rewarded through transaction fees).

You see - one of the major problems with the traditional currency you carry in your pocket is that governments can print as much of it as they want.

That’s why 200 years ago, smart Frenchman Voltaire said that “all paper money eventually returns to its intrinsic value… zero”.

That’s why bitcoin was designed to simulate a scarce commodity - like gold.

Over time, its supply would decrease, and its value would increase.

And that’s what the halving events will do for the next 100 YEARS.

Now, you could think that the price impact from a decreased supply would kick in AFTER the halving.

But the last 14 years of history have shown us that some of these price increases occur 3 to 12 months before the halving itself. 

People anticipate the drop in supply and stockpile the shiny coin.

Yeah we’re all just monkeys fighting for survival.

And as you may have guessed with the timing of this newsletter, the next bitcoin halving is about 12 months away. And talking heads have come out of the woods in anticipation of the halving.

Already today, the supply available on the market is proportionally lower than ever before.

More than 1 out of every 2 bitcoin in circulation hasn’t moved in the last 2 years. That’s an all-time high of 53%.

And with another supply shock coming through the halving, it’s possible this could positively affect the price of bitcoin.

We don’t think the halving is the only thing driving bitcoin. It has uses cases we’ve listed 109275 times before.

BUT what matters is what other people think will happen. Psychology drives markets, especially in the short term.

We’ll leave this famous crypto chart for you, and you can do with it as you wish.

Sometimes charts are useful. Sometimes they’re astrology for nerds.

We’ll keep you updated on what we see happening. Until then, enjoy the ride up.

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