Details and Effects of the Bitcoin Halving Process
On April 20, Bitcoin completed its fourth halving. With this incident, block rewards given to miners were reduced by half. Halving is seen as an important step towards Bitcoin reaching its maximum supply of 21 million coins. The first halving took place in 2012, the second in 2016 and the third in 2020. Each halving resulted in mining rewards being halved, slowing the rate of increase in Bitcoin supply.
When is the Next Halving?
With the fourth halving, block rewards dropped to 3,125 BTC. The next halving is predicted to occur in 2028. Although different days are calculated by various sources, the generally accepted date is March 26, 2028. Since each halving occurs every four years, key factors in the Bitcoin network will continue to interact during this time.
How Many Dollars Will Bitcoin Be After Halving?
Halving events are directly related to changes in Bitcoin's supply. After each halving, the rate of new Bitcoin production decreases, creating digital scarcity, which could theoretically cause prices to rise. After the halving, the Bitcoin price generally increased, which was considered a positive signal for investors. However, this may vary depending on other factors in the market.
Not Investment Advice
