What is Bitcoin halving?
Bitcoin halving is a protocol event that halves the block reward paid to miners. Thus, the number of new bitcoins entering circulation is halved.
The halving timer shows when the next Bitcoin halving will occur, as well as the dates of past halvings. This event occurs every 210,000 blocks, which is approximately every 4 years.
When will the next Bitcoin halving happen in 2024? The next Bitcoin halving is expected in April 2024. The exact date is difficult to predict, as it depends on the height of the block.
What could happen to the price after Bitcoin Halving?
Quote from a banking analyst:
“According to the current trend, the price of Bitcoin will begin to rise after the halving. According to historical data, the Bitcoin price reached new maximum values on the horizon 12-18 months after the halving, with growth starting several months before the halving and intensifying after the event.”
According to information from Bitcoin media:
- penultimate BTC halving - 07/09/2016
-last BTC halving - 05/11/2020
-next - 04/07/2024
(Information from sources)
