🤔 What is Bitcoin halving ?
🚀 Bitcoin Halving:
🚀 Bitcoin halving is a key event that occurs approximately every four years, reducing the reward miners receive by 50%. It helps control the supply of Bitcoin, mimicking scarcity similar to precious metals like gold. The most recent halving took place in April 2024, cutting the block reward from 6.25 to 3.125 BTC. This process limits Bitcoin’s total supply to 21 million, boosting its value over time due to increased scarcity. Historically, halvings have led to significant price surges, drawing attention from investors. While it affects miner profitability, it reinforces Bitcoin’s deflationary nature, making it a crucial mechanism in the cryptocurrency’s long-term economic model.