The Bitcoin Halving is an event that occurs after every four years. It cuts the amount of new bitcoin that miners receive by half, which means it will take twice as much time for bitcoin to reach its maximum supply. The first halving happened on November 28th, 2012 and the next one is expected to happen in the spring of 2024.If you\u2019re wondering what this has to do with bitcoins price, then you\u2019ll be glad to know that it has a huge impact! The last halving caused the bitcoin price to go up by 100% in just one year. However, this time around, it is expected that the impact will be less significant due to increased mining difficulty and a growing number of BTCs already existing.Bitcoin Halving ExplainedBitcoin halving is a phenomenon that has been experienced by Bitcoin since its creation. It\u2019s an event that occurs every four years, and it can cause the price of bitcoin to rise over time as the reduced supply pushes the demand up.The upcoming Bitcoin halving is certainly expected to have a positive impact on the price of bitcoin. Bitcoin halving is a set of rules that was programmed into Bitcoin protocol, and it dictates how the number of bitcoins mined decreases over time.Bitcoin\u2019s mining reward halves every 210,000 blocks which means that miners are rewarded with 6 per block since May 11, 2020, this will be reduced to just 3.125 BTC per block in subsequent years. This event has occurred several times before in 2013, 2016, and lastly, in 2020.Looking forwardHowever, experts expect more attention from traders as well as new investors due to this upcoming event where the amount of newly minted coins becomes half compared to what they used to be previously mined after four years or so. Halving could trigger\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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