#BTCHALIVING
A short guide to bitcoin's halving event
Bitcoin is about to undergo a "halving" event for only the fourth time in its 15-year history – and its value could skyrocket even further
What is a 'halving' event?
Bitcoin halving is when the reward for mining the cryptocurrency is cut in half, reducing the rate at which new bitcoins are generated.
And crypto investors and traders are now in a "buying frenzy" ahead of a halving, or "halvening", that is expected to occur by the middle of April.
What is a 'halving' event?
Bitcoin halving is when the reward for mining the cryptocurrency is cut in half, reducing the rate at which new bitcoins are generated.
A halving takes place roughly every four years, or whenever 210,000 blocks have been mined. This year it is predicted to take place around 19 April, and will see the reward fall from 6.25 bitcoins for every block harvested to 3.125 bitcoins.
What does this year's halving mean for bitcoin?
When the first halving happened in 2012 – in the early days of the currency – the halving event had a "negligible" effect on bitcoin's value, said Forbes Advisor.
But the 2016 event was preceded by a 300% rise in bitcoin's value, while in the 16 months that followed the 2020 halving, the price of bitcoin rose by more than 600%.
