💚💚💚 Count Down 💚💚💚
In a few days $BTC will have a halving this will inflate the currency.
What is the Bitcoin block halving?
Block halving happens every 4 years or 210,000 blocks on the Bitcoin blockchain.
The initial rewards for each block found were 50 BTC. Currently they are 6.25 BTC, and next time they will be 3.125 BTC.
This causes the frequency of issuing new Bitcoin coins to decrease. This halving is periodic and is programmed into the Bitcoin code.
What this means?
Conventional fiat currencies (FIAT) allow the printing of new money by the government or banks, causing inflation.
In the case of Bitcoin, the maximum number of coins that can exist is 21,000,000 BTC. Printing extra money causes inflation.
If there is no extra money to be created, the value of Bitcoin should increase as demand will increase (more people will start using Bitcoin) and supply will decrease or stay the same (no more Bitcoins are created).
Disclaimer: Includes third-party opinions. No financial advice.
#TrendingTopic #TrendigTopic #BitcoinHalving #BitcoinHalvingEvent #HOTTRENDS
