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RE: Steemit Crypto Academy Contest / S12W2 -: STEEM Vs Bitcoin halving

Thank you so much friend for participating in this engagement challenge and I am happy that you explain each and every question very well and in the required way you answer them and I agree with you that after 2 ,10000 blocks mining Bitcoin halving happens automatically and in this way it's supply reduces and demand increases which in turn also increase its value and price


Last time Bitcoin halving date was exactly 2020, 11th May and at that time there will cryptocurrencies that work affected greatly due to this event but there were some also that don't show much significant effect and steem was also among of them which don't show a significant increase in its price but yes there was a little bit effect on it also


If I talk about this event which is going to be held in future and it is just after some months and most probably it is going to be happen in 2024 March so there are too much expectations about this event that it will bring a huge increase in the price of steem as you have also illustrated through your prediction in which steem seems to break its resistance. Overall you elaborated all answers very well and I wish you success in this engagement challenge

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Thank you for this very contributing remarks. I agree with you that there is too much expectations around bitcoin halving, however this expectations are what creates market sentiments and as well it considered as a fundamental part of Bitcoin.

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