On April 29, 2024, Bitcoin underwent its fourth halving event, cutting mining rewards in half and positioning it as scarcer than gold.

The launch of spot Bitcoin ETFs sparked significant institutional demand, purchasing Bitcoin at a rate 20 times its daily output.

A decrease in available coins on exchanges led to an all-time high price for Bitcoin prior to the halving event.

Bitcoin miners are adapting to the reward reduction by hoarding Bitcoin, embracing AI, negotiating hardware deals, and utilizing alternative energy.

Increased earnings from transaction processing fees via Bitcoin Ordinals and Layer-2 solutions are helping miners offset the halving's impact.

Bitcoin's inflation rate has fallen below 1%, reinforcing its status as a more scarce asset than gold and a reliable store of value.