The **Bitcoin halving** is a crucial event that occurs periodically and is an essential part of the cryptocurrency. Below, I provide you with relevant information about the halving and how it affects the market:
1. **What is the Bitcoin halving?**
- Also known as "Halvening", halving occurs every **210,000 blocks** (approximately every four years) on the Bitcoin network.
- During the halving, the reward miners receive for validating transactions is **halved**.
- The objective is to control the issuance of new bitcoins and maintain their scarcity, ensuring a limited supply of BTC.
2. **Halving history:**
- In 2009, miners received **50 BTC** per mined block.
- The first halving occurred in **2012**, reducing the reward to **25 BTC** per block.
- Subsequent halvings in **2016** and **2020** further decreased the reward to **12.5 BTC** and **6.25 BTC**, respectively.
- The next Bitcoin halving, scheduled for **April 2024**, will reduce the reward to **3,125 BTC** per block¹².
3. **Impact on the price of Bitcoin:**
- Historically, the halving has generated expectation and increased investor interest.
- The price of Bitcoin is expected to reach **new all-time highs** after the halving.
- However, subsequently, the market may moderate and experience declines.
4. **Future perspectives:**
- The halving reinforces the attractiveness of Bitcoin as a **long-term investment asset** and as a hedge against inflation.
- Limited supply and growing demand usually generate an upward trend in the price of Bitcoin⁴.
In summary, the Bitcoin halving is an event that affects the dynamics of supply and demand, and its impact on the market is closely followed by the crypto community. While the price is expected to rise, volatility is also a common feature in this period². 🚀.
