Bitcoin Halving 2028: The Impact on the Bitcoin Market
The upcoming Bitcoin Halving in 2028 is a significant event that could reshape the dynamics of the cryptocurrency market. According to an article from finanzen.net, this halving will reduce miners' rewards from 3.125 BTC per block to just 1.5625 BTC, potentially affecting the supply and demand balance significantly. Historically, halvings have led to price increases due to reduced new bitcoin circulation; however, experts caution against assuming direct correlations between these events and price hikes.
This time around, there might be additional factors at play such as increased interest in Bitcoin ETFs, which could further influence prices by attracting institutional investors into the crypto space. While previous halvings saw substantial gains post-event—like after the first halving when prices soared from $12.35 to over $1,000 within a year—the future remains uncertain, with many variables including global economic conditions playing crucial roles.
Bochum City Council Rejects Cryptocurrency Adoption
Nau.ch reports that Bochum's city council has unanimously rejected a proposal by the "Bündnis Deutschland" party aiming for Bitcoin adoption as an alternative payment method for municipal fees. This decision was met with disappointment among proponents who viewed it as a missed opportunity for innovation and digital advancement within Germany’s Ruhr area.
Council members expressed concerns primarily about energy consumption associated with mining activities—a point highlighted critically by CDU representatives during discussions documented by Blocktrainer.de—and labeled the initiative impractical given current technological constraints surrounding cryptocurrencies, like volatility risks or potential misuse scenarios involving money laundering practices often cited skeptically across various governmental bodies worldwide.
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