Will ETH be affected by BTC halving?
I'm wondering if the upcoming BTC halving event will have any impact on the price or market behavior of ETH. Will there be a noticeable effect on ETH due to the BTC halving?
What does BTC halving mean?
BTC halving refers to the event in the Bitcoin network where the block reward for mining new bitcoins is reduced by half. This occurs approximately every four years or after every 210,000 blocks are mined. The halving process is a key mechanism in Bitcoin's economic design, aiming to control the supply of new bitcoins and maintain their scarcity.