Bitcoin is high for the first time in 2 years, and the highest rate of increase of nearly 900% since last year, when purchases of virtual currency-related stocks intensified!

Among them, Clean Spark (CLSK) started last yearAn increase of approximately 900%, Marathon Digital (MARA), Bitfarms (BITF), etc.Over 700%It is showing an increase.

Why has Bitcoin skyrocketed?
1. Recently in the US,The approval of exchange-traded funds (ETFs) linked to Bitcoin in kind is also a tailwindIt has become. The transaction volume of some of these ETFs surged on the 26th. Stock prices of crypto asset-related companies have also risen.

2. A total net inflow of funds of 5.6 billion dollars (about 843 billion yen) into the nine ETFs that began trading in the US on January 11 this year, suggests that demand for bitcoins is spreading beyond core digital asset investors.“Halving life (halving)” is imminentThis also supports an optimistic view.

What is a “half-life”?
Half-life is an event where rewards received by miners are systematically reduced.Frequency about once every 4 yearsIt takes place, or more accurately, per 210,000 block transaction.Bitcoin will reach its fourth “half-life” in 2024。It is expected to occur from mid-April to late AprilIt's been done. When Bitcoin was launched in 2009, miners received 50 bitcoins per block, but this reward was reduced to 25 in 2012, which is the initial half-life. 12.5 in '16, 6.25 in '20, andIt is expected to decrease to 3.125 in '24That's it.

The half-life event is closely related to the overall crypto market bull market. Historically, when a half-life occurs, the price of Bitcoinrapidly rising between 6 and 12 monthsThen, it is said that it will reach a historic high.

What impact does Bitcoin's half-life have on the market?
bitcoin investorsFor: The half-life event reduces Bitcoin's block reward to half of what it was before, and the issuance speed is also cut in half. Slowing supply and increasing scarcity are likely to drive up the price of Bitcoin, which will stimulate trading activity within the cryptocurrency market.

Bitcoin miners (miners)For: Miner income consists of both block rewards and transaction fees. Half-life means directly devaluing block rewards in half, and assuming that mining power is constant, miners will have a decrease in block reward income.

Bitcoin speculatorsFor: Bitcoin's half-life is seen as a bullish event for the market. After the half-life period, the market often experiences a bullish phase, creating strong “FOMO (formo)” (anxiety about being missed out or left behind) feelings that attract speculators looking for short-term profits. Speculators expect to profit by taking advantage of anticipated price fluctuations.