Learn Why Halving Is Bitcoin's Most Important Event
Dear Bitcoiner,
Bitcoin halving is an exciting event quickly approaching in the crypto world. Expected in 2024, traders will likely watch it closely for its potential to impact Bitcoin's price significantly.
If you’re planning on building a Bitcoin portfolio, then it’s essential to understand halving. Here’s what you need to know:
- Bitcoin halving is a pre-programmed event that cuts the reward given to miners by half, intending to lower inflation by reducing the amount of new BTC created.
- Taking place roughly every four years, the halvings thus far have reduced the reward for mining a block from 25 BTC to 12.5 BTC and then to 6.25 BTC.
- The effect of halving on Bitcoin's price is debated, but the anticipation of the event has historically led to increased market activity.
The Crypto.com Team