🧐What is BTC Halving?🪄
🌓 Bitcoin Halving is an event that occurs approximately every four years on the Bitcoin network. During a halving event, the reward miners receive for successfully mining a new block is reduced by half.
🧭 This block reward reduction is programmed into the Bitcoin protocol and serves to control the speed at which new bitcoins are created, ultimately leading to a maximum supply of 21 million BTC.
1️⃣ The first Bitcoin halving occurred in 2012, reducing the block reward from 50 bitcoins to 25 bitcoins per block.
2️⃣ The second halving occurred in 2016, further reducing the reward to 12.5 bitcoins per block.
♾️ The closest halving took place in May 2020, reducing the reward to 6.25 bitcoins per block. This process will continue until the maximum supply of 21 million bitcoins is reached, which is estimated to occur in the year 2140.
ℹ️ Great advice: Less supply - High demand = Higher price 🚀🚀🚀
🤔 So, having read all this, what scenario do you think will happen this year with this great event?? Will it be positioned at $100,000?? Leave me your opinion in the comments 🌟
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