The value of Bitcoin has been changing with the introduction of new ETFs and the approaching halving event. The halving event, which occurs every four years, is not only a dramatic event but also a significant indicator of Bitcoin's value proposition.

Craig Warmke, a co-author of Resistance Money, a philosophical book on Bitcoin, broke down the concept of Bitcoin halving. As an Associate Professor of Philosophy at Northern Illinois University and a Bitcoin Policy Institute Fellow, Warmke emphasized the importance of understanding how the Bitcoin network functions.

Bitcoin's rules dictate that miners are rewarded every ten minutes for processing transactions. The reward decreases over time and halves every four years. The block reward will be reduced to 3.125 bitcoin in the upcoming halving event, further highlighting the predictability and controlled supply of Bitcoin until its cap is reached in the year 2140.

In contrast to traditional monetary policies managed by central banks, Bitcoin's policy is predetermined and unaffected by economic indicators. This distinction sets Bitcoin apart from other cryptocurrencies that have decision-makers who can adjust monetary policies behind the scenes, potentially leading to issues like software bugs or exploitation by hackers.

The absence of central control in Bitcoin means that there are no levers to pull in response to changing economic conditions. While this lack of intervention can result in price volatility, it also ensures independence from human biases and corruption. Bitcoin's transparent and automated policies offer a reliable alternative for those seeking stability amid global economic uncertainties.

Bitcoin's supply may be regulated by scheduled halvings, but its demand remains unpredictable, reflecting investors' confidence and trust in its decentralized system. As traditional institutions face challenges of corruption and incompetence, Bitcoin's appeal lies in its resistance to manipulation and the assurance of rules-based governance without the influence of individual leaders.