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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.
The history of BTC halving is; First Halving was at 2012, then 2016 and the recent one was at 2021. It is the history of BTC that in every halving it breaks it previous high. In recent Halving it has made a high of 68k dollars, which is still the highest of all time and not broken yet. This is the reason we call Bitcoin halving a market bull Run.
Bull run always have positive effects on Steem coin. In first bull run at 2016 it touches a high of $7, which is it's all time high. Then in 2021 bull run it touches $1.26. Now we can expect that Steem will touches $2 in this bull run. The minimum target according to me is $1.5.
The best post dear, best wishes for the contest.
TEAM BURN
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Thank you so much for the support dear.
My dear friend, it is great to hear from you. I hope you're having fantastic days over there too?
Talking about the history of BTC halving. It happened in 2012, then again in 2016, and most recently in 2021 and here is the interesting part, every time there's a halving, Bitcoin tends to break its previous highest price. In the last halving, it reached a whopping $68k, which is the highest it's ever been and hasn't been surpassed yet. That's why we call it a market bull run. And you know what? Bull runs have positive effects on Steem coin too.