Bitcoin Halving is a significant event on the Bitcoin network, scheduled to happen approximately once every four years or after 210,000 blocks are mined. The essence of this event is the halving of the reward given to miners for each validated block, which also means a decrease in the rate of introduction of new Bitcoins into circulation.

According to Coinbase, the Halving process is designed to reduce the supply of new Bitcoins introduced to the market by 50%, which could theoretically lead to price appreciation if demand remains constant or increases. This method of limiting the supply of new coins is fundamental to Bitcoin's value proposition, emphasizing verifiable rarity as its central feature. To date, Bitcoin has gone through several Halving events, the last of which took place in May 2020, when the mining reward dropped from 12.5 to 6.25 Bitcoins per block. The next one is anticipated to happen around April 16, 2024, when the reward will drop to 3,125 Bitcoins per block.

Decrypt explains that Halving is an integral part of the Bitcoin code, a pre-set rule that ensures that the rate at which new Bitcoins are put into circulation is halved every four years. This measure is intended to continue until around 2140, when the last Bitcoin is expected to be mined, bringing the total to the pre-set cap of 21 million coins. By limiting the supply, Satoshi Nakamoto, the creator of Bitcoin, sought to give the currency a value through rarity, similar to scarce resources like gold.

Halving has a significant impact not only on miners, but also on the dynamics of the entire cryptocurrency market. Anticipation of this event may lead to an increase in interest and the price of Bitcoin, given the decrease in the supply of new coins. The Halving event may also have effects on other cryptocurrencies, influencing investor confidence and drawing attention to the crypto market as a whole.

For investors, understanding the impact the Bitcoin Halving may have on the market is crucial. The decrease in supply, in conditions of maintenance or increase in demand, price go up