Michael Venuto, CIO and Co-Founder of the Tidal Financial Group & Portfolio Manager of the Amplify Transformational Data Sharing ETF [BLOK], discusses the upcoming bitcoin halving, which is due in April or May of 2024.

Halving is a periodic event in which the amount that bitcoin miners are paid per bitcoin mined is halved, meaning that the value of mining new bitcoins will, eventually, approximate to zero.

“It’s impossible for it not to have an impact,” he says. “It’s how the miners are compensated, and if they’re getting half as much bitcoin, that’s a big haircut. Knowing that you’re going to expend essentially the same amount of resources to receive half as much of the commodity you’re producing — that’s got to shake out the market in some way.”

► Read the full articles: www.cmcmarkets.com/en-gb/opto/what-does-it-mean-fo…

► www.cmcmarkets.com/en-gb/opto/tractors-and-transfo…

► Subscribe to our channel:
   / @optothemes  

Check out our podcast and subscribe, so you don't miss an episode:
► Apple Podcasts: podcasts.apple.com/gb/podcast...
► Spotify: open.spotify.com/show/4okyrCp...

►Want further Opto insights? Check out our daily newsletter: www.cmcmarkets.com/en/opto/newsletter

► Our App: optothemes.com/

► Twitter: @OptoThemes

#shortvideo #shortsfeed #Bitcoinhalving #bitcoin #bitcoinmining #Cryptocurrency #Invest #Ethereum #Metaverse #Crypto #TheFed #Binance #defi

------------------
Past performance is not a reliable indicator of future results. CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination. CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.