What is a Bitcoin halving?
Halvings are a planned reduction in the amount of Bitcoin issued that miners earn. The fourth Bitcoin halving is less than a year away.
The mechanism is embedded in Bitcoin’s program code to ensure that the total number of coins on the network never exceeds 21 million units.
A Bitcoin halving happens approximately once every four years, and we expect the next halving to occur in the spring of 2024.
Why it matters:
As a result of all previous halvings, the price of BTC has significantly risen, as there are far fewer coins in circulation (miners will lose 50% of their income).
And if in 2024 Bitcoin “repeats” its usual cycle, we can expect a very powerful growth of the digital gold. But don’t forget that profitability in the past does not guarantee profitability in the future and that the price of cryptocurrencies is influenced by many different factors.
https://t.me/EarnCrypto_Currency
Halvings are a planned reduction in the amount of Bitcoin issued that miners earn. The fourth Bitcoin halving is less than a year away.
The mechanism is embedded in Bitcoin’s program code to ensure that the total number of coins on the network never exceeds 21 million units.
A Bitcoin halving happens approximately once every four years, and we expect the next halving to occur in the spring of 2024.
Why it matters:
As a result of all previous halvings, the price of BTC has significantly risen, as there are far fewer coins in circulation (miners will lose 50% of their income).
And if in 2024 Bitcoin “repeats” its usual cycle, we can expect a very powerful growth of the digital gold. But don’t forget that profitability in the past does not guarantee profitability in the future and that the price of cryptocurrencies is influenced by many different factors.
https://t.me/EarnCrypto_Currency