Bitcoin’s “halving” every four years

A key characteristic of Bitcoin is that the coin grows at a predictable rate. Every time a Bitcoin "miner" wins the computational race to validate a block of transactions, new coins enter circulation. The reward per block is now 6.25 Bitcoins, which is worth $437,500 at $70,000. By April, when the next halving occurs, the number of Bitcoins per block will be reduced to 3.125.

Halvings occur approximately every four years and will continue until there are 21 million Bitcoins in circulation. To date, more than 19.6 million Bitcoins have been mined, with 1.4 million more to be mined. Since Bitcoin has no underlying value, only the cost of production, its price is affected by supply and demand. Halvings tend to limit supply.

The reason why the market is focusing on "halving" is because after the last halving in 2020, Bitcoin was up more than 80% in six months and more than 500% a year later