Learn about Bitcoin halving here to know what to expect by next bull market crypto.
Bitcoin Halving: How It Works and Why It Matters
The available supply of fiat currencies rises and falls under the watchful eyes of national central banks, but the total supply of Bitcoin is fixed and immutable.
There will only ever be 21 million Bitcoin. Presently, more than 19 million Bitcoins have already been mined, leaving under 2 million left to be created. The Bitcoin protocol periodically reduces the number of new coins earned by miners in a process called halving.
One of the most important features of Bitcoin is its limited supply and issuance mechanism,” says Bruce Fenton, CEO of fintech company Chainstone Labs.
Halving role in controlling the supply of new Bitcoins is one of the reasons the world’s most popular cryptocurrency is seen as a store of value that’s more akin to gold than a fiat currency.