BitCoin Halving Date :
19 - April - 2024
📈📉 What Is Bitcoin Halving? ☣️
Bitcoin halving is when the reward for Bitcoin mining is cut in half and takes place every four years. 💹
The halving policy was written into Bitcoin’s mining algorithm to counteract inflation by maintaining scarcity. In theory, the reduction in the pace of bitcoin issuance means that the price will increase if demand remains the same.
“Bitcoin’s production scarcity is what defines its finiteness, and when reward goes down, supply is constrained,” says Chris Kline, chief operating officer of Bitcoin IRA. “Increasing demand at a time when supply is constrained has a positive impact on price, which can make bitcoin alluring to investors.”
