The Bitcoin halving is a programmed event in the Bitcoin protocol that halves the reward that miners receive for each mined block. This event occurs approximately every four years, or every 210,000 blocks.
The purpose of the halving is to regulate the issuance of new coins and maintain the scarcity of Bitcoin, which in turn helps resist inflation. Unlike fiat currencies, which typically decrease in value over time due to inflation, halving can increase the likelihood that Bitcoin's value will increase, assuming demand levels remain constant.
Currently, there are more than 19,438,900 BTC in circulation, that is, 92% of the total issuance. However, thanks to the halving process, the last Bitcoin put into circulation is guaranteed to reach the year.
The next Bitcoin halving is scheduled for 2024. According to Bitcoin's algorithm, there will be 33 halvings in total, after which the fixed part of the block mining reward will become less than 1 satoshi (the unit smallest of Bitcoin). Essentially, it will be equal to zero.
The most recent Bitcoin halving occurred on May 11, 2020, when block 630,000 was mined. As a result of that halving, the reward per mined block fell to 6.25 BTC.
It is important to highlight that the halving is an event that not only affects the investor interested in buying Bitcoin, but also has global extension and determines the movement that the market will make as a whole. Therefore, forecasts in these situations help us draw up a strategy with our entire portfolio.
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