Of late, bitcoin halving has become a buzzword in the crypto industry. However, many do not know what it is, how it works and why it is bullish for the leading cryptoasset by market capitalization.
Thus, in this video, I explained Bitcoin halving in detail, informing you of everything you need to know about the event. Watch and learn.
Key Facts
The fourth Bitcoin halving is expected to occur in April 2024 after 840,000 blocks must have been added to the BTC network.
The pre-programmed and protocol-driven event on the Bitcoin network is designed to reduce block rewards by half thereby, reducing the supply rate of BTC.
The fourth bitcoin halving will lead to a reduction of rewards given to BTC miners for validating and securing the network. Particularly, block rewards will be reduced from 6.25 BTC to 3.125 BTC after the fourth halving.
Post-halving, experts predict BTC to surpass $100,000 later this year.
While bitcoin halving bodes well for BTC, investors should always do their due diligence before investing in the asset and ensure to invest what they can afford to lose. Note that all cryptocurrencies are subject to high volatility.
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