๐ Bitcoin Halving 2024: What You Need to Know!
๐ What is Bitcoin Halving?
Every 4 years, Bitcoin mining rewards are cut in half. In April 2024, rewards will drop from 6.25 BTC to 3.125 BTC per block.
๐ Why Does It Matter?
๐น Scarcity Increases โ Less BTC enters circulation.
๐น Price Impact โ Historically, halvings trigger bull runs.
๐น Mining Costs Rise โ Less reward for miners, potential hash rate shifts.
๐ Historical Halving Trends
2012 ๐ BTC surged from $12 to $1,100
2016 ๐ BTC jumped from $650 to $20,000
2020 ๐ BTC soared from $8,000 to $69,000
๐ฅ Will 2024 Halving Spark the Next Rally?
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