Bitcoin jumped. Where?

There is an explosive increase in cryptocurrency prices

Bitcoin jumped. For months he dull in the area of ​​forty thousand, introducing cryptocurrences into stagnation and longing, and now he rushed up at such a speed that the digits were flashed like crazy. On February 20, Bitcoin missed the line of 50 thousand, which for a long time seemed an unattainable dream. It seemed that he would stop, but no. Yesterday, one bitcoin cost 56 thousand dollars, today is already 58. And this is not the end of what is called the “rally” in the cryptosphere.

Dwear was replaced by enthusiasm. Experts became interesting to listen. Oh, the fir trees of optimistic forecasts, how well you act on the destroyed nerves of the investor crazy, still, he invested three dollars or three hundred thousand in cryptocurrencies! They say that a long stagnation has ended, this year a revival is coming, and even give specific numbers. 150 thousand dollars per bitcoin in September, 200 thousand by the end of the year. Sounds implausible? But

The entire crypto industry is incredible - units and zero are traded for real and big money - and Bitcoin, which has appeared in the world as a gift of mysterious Satoshi, is not true and amazing, which is still unknown.

Bitcoin drags the market. Such a steam locomotive can be wished to anyone. Following Bitcoin, an ether grows, Solana grows, Ripple grows, an old Litcoin is growing. On February 26, Bitcoin's capitalization exceeded a billion dollars for the first time since December 2021. The capitalization of the entire cryptocurrency market increased to 2.24 trillion. In the euphoria of growth, they are delighted with the numbers that are torn upwards many times a day look into their digital wallets, observing the growth of their own well -being. How nice to look at it! Is it really true that all the owners of cryptocurrencies will soon become millionaires?

The question arises, what is the reason for the take -off. The fact that he will be was not in doubt for anyone who has long been following bitcoin; What kind of disappointments these people did not experience and what kind of falls did not see. But Bitcoin always rose after falling. He lives on sinusoids, you only need patience to wait until he goes up. Players on short cycles play a gambling risky game, because small movements are unpredictable; Those who play for a long time know that sooner or later they will wait for growth. But why, why, damn it, he grows at the moment when the whole world is in alarm, when terrible things happen, when no one has confidence in the future, when the world economy is in prostration?

The first, philosophical explanation is that Bitcoin, created as an alternative to the old world, is growing when this alternative becomes popular. A sharp sense of danger or even the end of the era spurges those who are looking for new ways.

Ban breaks stimulate the search for new ties. Parts on the path of money erected by central banks and sanctions encourage money to look for ways without barriers.

The new world, which seemed ephemeral, gains reality at the moment when the old world goes cracks and sways.

The second, practical, explanation is that Bitcoin halving is approaching. This is a large event in the life of the strongest cryptocurrency will happen on April 7 on the 840,000 block. Halving is a reduction in twice as a reward that miners receive for the found block. Initially, the award was 50 bitcoins (at the current price of bitcoin it was 3 million dollars), but with each halving, the award decreased and now is 6.25 bitcoin. On April 7, it will decrease again and will become 3.125 bitcoin (about 200 thousand dollars at the current price). Bitcoin has already passed three halvings, this one will be the fourth, and each time the price of bitcoin in front of halving grew. It is growing now.

Halving is needed in order to control the emission of bitcoin, it slows down inflation. After all, bitcoin is an honest currency, in the sense that it cannot be printed as much as you like at the request of the government or Central Bank; The code written by Satoshi Tomoto has a limitation of the number of coins. They cannot be more than 21 million. As soon as the number of bitcoins reaches 21 million, the halings will stop, miners will no longer receive awards. This will happen after the 32nd halving, approximately in 2140. So Satoshi thought so far when he wrote the program code of the world's first cryptocurrency. But who can know what will happen to Bitcoin and with our whole world?

With explosive growth, people do not sell. They expect that the price will increase even more. This creates a deficiency of bitcoin in the market and spurges the price even more.

I write this text and periodically distract from this matter to see how Bitcoin is doing. During the time that I needed to slowly write half the page, Bitcoin grew from 58 thousand dollars to 60. I wrote a couple more phrases - and now it is more than 61 thousand. The rocket is rapidly flying up and is not going to stop. Where is the fracture point where the growth will stop and the return fall will begin? Quite a bit remains to the absolute maximum achieved at the end of 2021. Then it was 68.700. There is very little left, and we will see a new reality. When? Maybe by the time you read this text. Or tomorrow?