Bitcoin halving countdown. Estimated Time: 20 April 1047hrs GMT +8

Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code.

It is estimated to see the Bitcoin halving happening in Singapore time on 20th April 2024 at around 1047hrs GMT+8.

What would be important to watch is the after hours trading on Friday (19 April).

Conventional FIAT currencies are subject to inflation due to the ability of governments or banks to increase the money supply. Unlike these currencies, Bitcoin has a capped total supply of 21,000,000 BTC, meaning no additional coins can be created beyond this limit. This finite supply, alongside potential changes in demand as more people adopt Bitcoin, positions it similarly to gold - a resource with a limited supply that cannot be artificially increased.

We are currently very near to the Event block weight of 840,000, once we hit that block weight, this is the time halving will happening.

Here are some of the upcoming events worth noting as some of the miners might has some interest in these crypto assets.

If you are HODL for Bitcoin and crypto stocks, this might be a good time to load up some of the miner stocks and ETFs to prepare for more anticipated upside next week as the halving would happen on Saturday, a non US trading day.

Appreciate if you could share your thoughts in the comment section whether you think we could see continued upside on the miner stocks and Spot Bitcoin ETFs next week (22 April 2024).

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.