Bitcoin Halving: Everything You Need to Know

What is Bitcoin Halving?

Bitcoin halving is a pre-determined event that reduces the block reward for mining new bitcoins by half. Halving events occur every 210,000 blocks mined, which is approximately every four years.

Impact of Bitcoin Halving

Halving has a significant impact on the Bitcoin market:

• Decreased Supply: Halving reduces the number of new bitcoins entering circulation, creating a scarcity effect.
• Increased Value: Historically, halving events have often been followed by price increases in Bitcoin, as increased demand and limited supply push up its value.