The Halving Event

Scheduled for April 2024, Bitcoin’s halving will cut the mining reward from 6.25 BTC to 3.125 BTC per block. This event occurs every four years, reducing the rate at which new Bitcoin enters circulation. Historically, halving events have created significant deflationary pressure, often leading to substantial price increases in the months or years following the event. Analysts predict Bitcoin's price could surge past $100,000 due to reduced supply and steady or increasing demand【6】【7】【8】.

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