9 Days for Bitcoin Halving | 10% beneficiary to Tronfanclub

The Bitcoin halving event is just 9 days away from today. As we know this is one of the biggest events in this crypto space because the reduction in Bitcoin mining reward is a big change. The miners are working hard to generate more Bitcoin through their resources and now they know that it is going to reduce by 50% in just a matter of 9 days. They are trying their best to mine as much as they can because ultimately this is going to affect their overall reward shortly.

[]src](https://coinmarketcap.com/events/bitcoin-halving/)

The cost of Bitcoin is also going to increase after the event because minors will be getting less Bitcoin as part of the reward and this is how the cost will increase because the energy consumption will not be changed. Usually, it has been seen in the past that when the halving event has happened then after that the price of Bitcoin increases to cover the Bitcoin cost.

I think it feels unwanted that we can get excited about because it will start another journey on Bitcoin where the reward will be reduced but this reduction is also going to trigger the price appreciation it might not happen immediately but is expected to happen within the same year hopefully. If we go by the historical performance then in the past usually we have seen the price going up and creating it all-time high within a year.

Now because we have already caught the Bitcoin spot ETF which is creating more demand for the Bitcoin and finals will be getting less so with the price increase their cost of Bitcoin production will be adjusted and this is how the entire mechanism is going to take place. In the short term miners might be at a loss but not in the long term because the price increase will compensate for the loss and even they will be making more money out of this so technically in the long run there is no loss for the miners.

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10% beneficiary to Tronfanclub