What is halving and why is everyone waiting for it?
Halving is a special event in the world of cryptocurrencies when the reward for those who create new $BTC (miners) is halved. This happens every four years. After the halving, miners receive fewer bitcoins for their work.
Traders and investors are keeping an eye on the halving because the event could impact the price of $BTC and its volatility. Experienced traders expect that the halving will lead to an increase in demand for Bitcoin due to a decrease in its supply.
As new bitcoins begin to appear more slowly, this could lead to an increase in demand for existing bitcoins, thereby increasing the price. However, the market reaction to halving can be varied, and it is impossible to predict it with certainty.
The next Bitcoin halving is expected in April 2024. The exact date is difficult to predict, since it depends on the height of the block (it should reach 840,000).
