The Bitcoin Halving Really Is Different This Time
Summary
Bitcoin's upcoming halving is unique as it's the first time the price has surged before the event. This halving also sees transaction fees becoming a significant part of miners' revenue, impacting mining equipment usage. The halving at block height 840,000 is expected to yield a valuable block due to the Ordinals protocol, potentially worth $50 million. The launch of a new token primitive called Runes coincides with the halving, leading to fierce competition among miners. This could result in miner extractable value and potential chain reorganization.
