The new Bitcoin halving (the 4th) is scheduled for April 2024.
This event, designed into the Bitcoin protocol to ensure a limited supply and increase in value over time, halves rewards for miners every 210,000 blocks, approximately every four years.
Halving date: April 2024.
Scarcity Protocol: Ensures limited supply, increasing the value of Bitcoin.
Frequency: Occurs every 210,000 blocks, approximately every four years.
Halvings History:
- First Halving (November 28, 2012): Bitcoin was worth $12.30
- Second Halving (July 9, 2016): Bitcoin was trading at $650.
- Third Halving (May 2020): During the pandemic, the price was around $9,000.
Current Evolution: Bitcoin is trading above $37,700, an increase of more than 300,000% since 2012.
The upcoming halving promises to impact the cryptocurrency market! 📈💰 #Bitcoin #Halving2024
