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Market
How will major central banks react to Bitcoin's price stability post-halving by 2025?
5
Resolution / Starting Odds
Increase regulatory scrutiny • 34%
Maintain current stance • 33%
Ease regulatory scrutiny • 33%
Official statements and policy releases from major central banks like the Federal Reserve or ECB
Story
Bitcoin Halving Cuts Mining Reward to 3.125 BTC, Spurs Record $106.7M Fees
Apr 22, 2024, 03:00 PM
The Bitcoin network underwent its fourth halving on April 20, 2024, reducing the mining reward to 3.125 BTC per block and significantly impacting the mining landscape. This event led to a record-breaking increase in transaction fees, with Bitcoin miner revenue reaching $106.7 million, 75.444% of which came from network transaction fees. The fees collected by miners on this day alone tripled the previous all-time high, reaching over $78 million, largely due to the Runes minting activity. Despite these high fees, the average transaction fee on the Bitcoin network significantly dropped post-halving, stabilizing at lower levels compared to the peak on the halving day. Throughout this period, Bitcoin prices held steady, maintaining values over $65K.
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Tighter Regulations • 25%
Looser Regulations • 25%
No Change • 25%
Ban • 25%
Strengthen support • 25%
Maintain current stance • 25%
Reduce support • 25%
Revoke Bitcoin as legal tender • 25%
Yes • 50%
No • 50%
Federal tax incentives for Bitcoin mining • 25%
Federal grants for Bitcoin mining operations • 25%
Opposition to CBDC • 25%
No major pro-Bitcoin policy implemented • 25%
No significant policy change • 33%
Incentives for U.S.-based mining • 33%
Regulations favoring U.S. miners • 33%
Increase in similar adoptions by other companies • 25%
Neutral - no significant change in adoptions • 25%
Decrease due to volatility concerns • 25%
Regulatory pushback leading to fewer adoptions • 25%
Introduce more crypto-friendly legislation • 33%
Increase regulatory scrutiny on cryptocurrencies • 33%
Maintain current stance without significant changes • 34%
Strongly Positive • 25%
Mildly Positive • 25%
Neutral • 25%
Negative • 25%
Significantly Positive • 25%
Moderately Positive • 25%
Neutral • 25%
Negative • 25%
