Do you EXACTLY know what is BTC HALVING?💭

This is the TRUE POINT of it.👇🏻

According to Former Binance CEO a.k.a CZ, he's explaining the concept of halving. He sees that most people misunderstand yet confuse bout it, so he tweets and quotes this on X :

He quotes, "There seems to be some confusion about the impact of the Bitcoin halving. The halving reduces the supply of new bitcoins mined, not the total number already mined. This controlled issuance is what makes Bitcoin scarce and valuable."

Bitcoin halving refers to a pre-programmed event that occurs roughly every four years, where the block reward for miners is cut in half. This mechanism is designed to slowly decrease the total number of bitcoins that will ever be in circulation, ultimately reaching a capped supply of 21 million.

The BTC halving doesn't affect 'the total number of bitcoins' that already exist. Instead, 'it limits the rate at which new bitcoins are created'. This scarcity is a fundamental factor that contributes to Bitcoin's value proposition as a digital asset.

Now, y'all won't make any misunderstand anymore about BTC halving.

Let me know what ya think bout it.

Comment it down below👇🏻

#bitcoinhalving #BullorBear #SHIB #BTCHalvingApril2024 #Write2Earrn $BTC $ETH $BNB