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Michael Saylor, the founder of MicroStrategy business intelligence giant, its former CEO and now the head of the company’s Bitcoin strategy, loves to post $BTC messages for his vast army of followers. He usually prefers to use AI-generated images with Bitcoin.
This time, Saylor tweeted an important reminder to the cryptocurrency community, urging them not to miss this significant Bitcoin-related event.
Michael Saylor's Bitcoin reminder
Saylor published a tweet, stating that the Bitcoin halving is coming. It is expected nine days from now. This is a fundamental event for all Bitcoiners and the crypto community in general.
The Halving is Coming. #Bitcoin pic.twitter.com/LslCQPqUxx
— Michael Saylor⚡️ (@saylor) April 10, 2024
After this halving (the fourth one since Bitcoin's creation in 2009), miners’ rewards per block will be cut by half from 6.25 $BTC to 3.125 $BTC, and the overall Bitcoin amount issued per day will decline from 900 to 450 $BTC.
Many analysts within the cryptocurrency space are certain that the halving will give the Bitcoin price sufficient momentum to soar to a new all-time high. Last time, after a similar event that occurred in 2020, Bitcoin printed two historic peaks in 2021. The first one came largely thanks to Elon Musk and Tesla since the company acquired a whopping $1.5 billion worth of the pioneer cryptocurrency and put it on its balance sheet. Later, for a few months, Tesla also adopted Bitcoin as one of the payment options for its electric cars.
This year, Bitcoin reached a new all-time high on March 14, soaring to the $73,750 level. Currently, $BTC is changing hands at $67,621, having lost another 4% over the past hour.