Bitcoin Halving 2024: What to Expect? 🚀
Hello Binance Square Community,
Big events in the crypto world often bring big opportunities, and one of the biggest events awaiting us in 2024 is Bitcoin Halving. I would like to inform you about this important event by sharing our predictions and strategies on how this event may affect the markets.
What is Bitcoin Halving?
Bitcoin Halving means mining rewards are halved and occurs approximately every four years. This event keeps Bitcoin's supply under control by reducing its inflation rate. The Halving in 2024 will reduce the amount of Bitcoin miners earn per block from 6.25 BTC to 3,125 BTC.
What Happened in the Past?
Previous Halving events have often resulted in large price increases. For example, after the 2016 Halving, the price of Bitcoin increased by more than 1000% in a year. The 2020 Halving similarly resulted in a massive bull market. Will history repeat itself? To answer this question, it is necessary to follow the markets closely.
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