 | (1) What is the Bitcoin Halving?A Bitcoin Halving event occurs when the reward for mining Bitcoin transactions is cut in half. Hence, Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply. We have seen three Halvings so far, in 2012, 2016, and 2020, so this will be the fourth Bitcoin halving. The next Bitcoin Halving is assumed to take place mid to late April 2024, so basically a year from now. Then, the block reward will go down from 6,25 Bitcoin to 3,125 Bitcoin. (2) When is the next Halving exactly?Many websites have a countdown to the next Bitcoin halving. Their estimations vary, however. April 2024 seems to be the consensus, meaning that it likely happens a year from now. Coinwars - April 27 2024 Buybitcoinworldwide - April 6 2024 Nicehash - April 4 2024 Binance - April 7 2024 (3) Historically, the Halving is insanely bullish for BitcoinThere is no doubt that historically, the Halving is very bullish for price action. Bitcoin's value always goes up by a ton from the Halving, as shown in the chart below. Even with a shorter timeframe in mind, like 150 days, Bitcoin is always up a significant amount after the Halving: Are you ready and how have you prepared? [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments