The Bitcoin halving event just occurred, marking a significant reduction in the rewards that miners receive for adding new blocks to the Bitcoin blockchain. #bitcoinhalving

This scheduled reduction happens every 210,000 blocks, roughly every four years, to limit the supply of new bitcoins entering the market.

This mimics the depletion of resources like gold, aiming to increase the value of existing bitcoins by decreasing the rate at which new ones are created.

The price of BTC will be a lot higher a year from now 😁