Bitcoin Halving is a HUGE event 🔥🔥🔥
What does it half? Lets understand. So Bitcoin has to be mined for coming into the market. There are miners who are mining btc, which means they are solving transaction blocks of btc and thus, for mining blocks, the miner gets rewarded with BTC. How much BTC?
In 2009, it was 50 BTC for each block. And then #SatoshiNakamoto did set a system where in every 4 years, this reward will be halved. Means in 2012, the reward reduced in 25 BTC. And thus the cycle is happening. And in this 2024, the reward will be reduced to 3.125 BTC per block.
So what happens here? Here, the supply of BTC is reducing. But is the demand going to be reduced? Of course No!!!
Thats the reason in 2013, 2017, 2021 the $BTC got all-time HIGH! Now do you understand how much important is this Bitcoin halving in Cryptocurrency?
Will this time BTC go all-time high again?