📈🔥 Guide to #Bitcoin Halving and Its Significance
Prepare for Another Historically Bullish Event in Early 2024 as the Next Bitcoin Halving Approaches:
What is Bitcoin Halving?
In the Bitcoin network, transactions are batched and saved in blocks on the blockchain. Every 210,000 blocks of transactions, the amount of new Bitcoin entering circulation as rewards for miners is cut in half. This event is known as Bitcoin Halving.
Why Does it Matter?
With the halving, the supply of new Bitcoin is reduced, leading to a decrease in overall supply. If demand remains steady or increases while the supply decreases, it often results in upward price movement. Historically, this anticipation of reduced supply has led to exponential price increases, typically observed 12 to 18 months after the halving occurs.
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