Upcoming Bitcoin Halving: All You Need to Know
What is a Bitcoin Halving?
A Bitcoin halving is an event that occurs approximately every four years, or after 210,000 blocks are mined on the Bitcoin blockchain. During a halving, the block reward for miners is reduced by half, which means that the number of new bitcoins entering circulation is cut in half. The most recent halving occurred in May 2020, when the block reward dropped from 12.5 BTC to 6.25 BTC.
Upcoming Bitcoin Halving: 2024
The next Bitcoin halving is expected to occur in early 2024. This halving event is highly anticipated by the cryptocurrency community, as it is believed to have a significant impact on the price of Bitcoin. In the months leading up to the 2020 halving, Bitcoin reached a new all-time high of over $19,000 USD. This was likely due to a combination of the halving event and the growing institutional interest in Bitcoin.
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