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Susan Bertolino
wrote a post01/04/2022 11:54

What will happen during the next Bitcoin halving?

What is ‘the halving’? $Bitcoin(BTC.CC)$
Simply put, a Bitcoin halving is the process of halving the rewards of mining Bitcoin after each set of 210,000 blocks is mined. By reducing the rewards of mining Bitcoin as more blocks are mined, a Bitcoin halving limits the supply of new coins, so prices could rise if demand remains strong.

In other words, this is Bitcoin’s way of using a synthetic form of inflation that halves every four years until all Bitcoin is released and is in circulation.

What will happen during the next halving?DollarDollar
Most investors believe the value of Bitcoin will increase and it may achieve better growth between now and its fourth halving in 2024. This is based on its track record over the years and with the results from the first and second halving events. At both times before now, there were massive surges in the price of Bitcoin.

The first halving in 2012 saw an increase in the price of Bitcoin from $12 to about $1,150 within a year. The second halving in 2016 saw a Bitcoin price to almost about $20,000, which eventually dropped to $3,200. Furthermore, there is no precise date for when the reward for mining a block will be cut in half. It depends on when the 210,000th block since the last event is mined.

Considering that new Bitcoins are mined roughly every 10 minutes, the next halving is expected to happen sometime in early 2024, and a miner’s reward will drop to 3.125 BTC. Bitcoin investors or traders should keep in mind that a halving often comes with a sizable amount of instability and turmoil for cryptocurrency.

A Bitcoin halving is a much-anticipated event that has been happening every four years, with the first one occurring in 2012. It’s part of the programming underlying the virtual currency to keep its total supply fixed.

The truth, however, is that no one can say that this is exactly what is going to happen after the halving and the weeks and months that follow, even though halving events have, historically, caused significant fluctuations in the price.

Part of the content is taken from Yahoo.
What will happen during the next Bitcoin halving?
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