• GM, No Fomo
  • Posts
  • šŸ—æ Theyā€™re Cutting My Bitcoins in Half??

šŸ—æ Theyā€™re Cutting My Bitcoins in Half??

The Bitcoin halving is upon us, and the crypto world has descended on Dubai for Token2049

In partnership with

No Fomo Moai Mascot

GM. The Bitcoin halving is upon us, and the crypto world has descended on Dubai for Token2049. Although, none of that is as important as the photoshoot your least favorite influencer just posted from a pool party at Coachella.

ā˜• *knuckle cracks* ā˜• Letā€™s get into it.

Todayā€™s specials:

  • Bitcoin Halving - What You Need To Know

  • Conference Corner šŸ“… : Token2049 Dubai

  • AI App of the Week šŸ’»: Learn a New Language w/ AI

85% of all AI Projects Fail, but AE Studio Delivers

If you have a big idea and think AI should be part of it, meet AE.

Weā€™re a development, data science and design studio working with founders and execs on custom software solutions. We turn AI/ML ideas into realitiesā€“from chatbots to NLP and more.

Tell us about your visionary concept or work challenge and weā€™ll make it real. The secret to our success is treating your project as if it were our own startup.

Bitcoin Halving - What You Need To Know

What is the ā€œHalvingā€

Bitcoin has a capped supply at 21 million coins ā€“ with about 19.5 million already in circulation. New coins are paid out to miners -- today the Bitcoin network pays out to miners 6.25 Bitcoin every 10 minutes or so, or about 900 coins a day.Ā 

The ā€œHalvingā€ is a 50% reduction in the reward miners receive.

When is this happening?

This event is coded into the Bitcoin protocol and occurs approximately every four years or after 210,000 blocks.

This time, itā€™s projected to happen this week, although the exact date/time depends on the activity.Ā 

Here is a tracker to stay on top of it.Ā Ā 

Why it matters

  1. Mining Optimization

The halving makes miners optimize energy consumption and increase hash power. This helps sustainability and the long-term viability of the Bitcoin ecosystem.

  1. Forced Supply Scarcity

The reduction in new coins makes Bitcoin increasingly scarce over time. This is a key factor in Bitcoin's appeal and potential as a store of value.

  1. Buzz & Engagement

Ā The anticipation leading up to a halving generates a lot of discussions and online chatter (like this post) about the fundamental principles of Bitcoin and crypto in general. More chatter is almost never a bearish signal.Ā 

Iā€™m not a miner, why should I care?

The last 3 halvings, Bitcoin has gone on a rally in the year that followed.Ā 

When the last halving occurred in 2020, BTC was around $10k. In the two years that followed it hit a high of $67k. The post-2016 halving rally was even more dramatic, with Bitcoin rising from $665 at the time of the halving to a high two years later of over $17k.Ā 

Although, this is not a huge sample size, and itā€™s often debated whether the halvings are the real cause of the rallies. There are many other macroeconomic factors to look at.Ā 

The last halving had the benefit of the post covid market rally, so we donā€™t think the halving was the cause there.Ā 

We obviously canā€™t say for sure what will happen this time. With all of the ETF action there is a broader interest this time around, so weā€™re prepared to go out on a limb and say that the halving will do something to the price one way or another.Ā 

Conference Corner šŸ“…

Token2049 Dubai is underway this week, and as always we have the side event intel for you.

AI App of the Week šŸ’»

AI gets a lot of hype. But how does that help me?

This section is dedicated to No Fomoā€™s favorite AI tools.

Weā€™ll try to fish for things that make your life easier. Or weā€™ll give honest, informative reviews of apps capturing Internet attention.

This Weekā€™s App De Jour: lang.ai

With Lang.ai you can chat or speak with an AI in over 20 languages, receiving live feedback to enhance your skills. The AI also gives you detailed explanations for each one of your mistakes so that you can fully understand what you did wrong.

Reach 200,000+ Tech Consumers and Brands

This is NOFOMO, the newsletter keeping you up-to-date on all things emerging tech ā€” from AI and Blockchain to Virtual Reality.

Advertise with our media conglomerate of thoughtful content creators the digital landscape: X, LinkedIn, Podcasting, Email, etc. We offer exclusive access to a real, engaged community of over 200,000 tech professionals boasting millions of monthly impressions and real results.

Our discerning readers are always looking for the latest tools and products in the industry. Connect with the right people and transform your business.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.

Join the conversation

or to participate.