🚀Bitcoin Halving🔥🔥🔥
Hi Guys,
I'm here and after my Altcoin Season and BTC price predictions post, today we see how important the Bitcoin halving is.
What is Bitcoin Halving?🚀🚀🚀
To put it simply, a Bitcoin halving is when the reward for mining Bitcoin is split in half. It will take the blockchain network about four years to unlock an additional 210,000 blocks, a standard set by blockchain creators to steadily reduce the pace of cryptocurrency adoption.
Let's look at the history of the halving:
Nov. 28, 2012, to 25 bitcoins 🤑
July 9, 2016, to 12.5 bitcoins 🤑
May 11, 2020, to 6.25 bitcoins 🤑
The next halving is expected to occur in April 2024, when the block reward will fall to 3.125 BTC.
Why is it important?
In theory, a decrease in the rate at which Bitcoin is issued means that the price will rise if demand remains the same.
On the other hand, while it halves the reward for miners, it also reduces the supply of new coins without reducing demand.
What do you think that? Thank you for sharing
Disclaimer: The information in this article is meant to serve as general information and should not be construed as investment advice