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RE: Steemit Crypto Academy Contest / S15W1 -Steem & Halving Bitcoin 2024
Hello dear friend greetings to you, Hope you are having good days there.
You define Halving as; Having is an event that reduces the number of Bitcoin and other cryptocurrencies that would be halved in the market. Yes this is true. In Bitcoin Halving the supply of decreases always by 50%. It leads to the increases in the price of Bitcoin and other cryptocurrencies which Investors would be happy about since the value of their holding will rise.
You said the steem reward ratio will also decreases, as it is decreasing every year. But you are right we still will be in profit if the price of STEEM COIN is increased. I hope the minimum target for Steemit coin will be $1.5 in this bull run.
The best post dear, best wishes for the contest.
Thanks for your kind support here sir.