I keep hearing about BTC halving and I am curious. What is it all about?
What is its implication to BTC value?
What is its implication to the value of other coins and are we expecting overall market to deep some more or fly?
Any knowledgeable person should come drop their view. Thanks
Co tributiins are highly welcome
Next year BTC halving, after BTC will hit new ATH
A Bitcoin halving event occurs when the reward for mining Bitcoin transactions is cut in half.
Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply.
Bitcoin last halved on May 11, 2020, resulting in a block reward of 6.25 BTC.
The final halving is expected to occur in 2140 when the number of bitcoins circulating will reach the maximum supply of 21 million.
One of the most pivotal events on Bitcoin’s blockchain is a halving, when the reward for mining is cut in half. As of 2023, network participants who validate transactions are awarded 6.25 bitcoins (BTC) for each block successfully mined.
The next halving is expected to occur in April or May 2024, when the block reward will fall to 3.125. Over time, the impact of each halving will diminish as the block reward approaches zero.
You can get to know about bitcoin halving more on binance academy . com . Bitcoin halving is an event that takes place every 4 years approximately . it reduces the number of bitcoins mined per block and essentially makes bitcoin scarce . If the demand for bitcoin remians constant over the years or increases and the supply per block dcreases , it means it is going to cost more dollars to buy a bitcoin which will cause an increase in price of the bitcoins .
Nice topic, thanks for sharing
After every btc halving comes btc pump and all round bullish market… now is the time to accumulate coins you’re bullish on!
This pic more helpfull info, thanks all