TIME - Bitcoin halving, the halving of miner rewards every four years, is seen as a potential price booster by some but its impact on price and the mining industry remains uncertain

in blockchain •  7 months ago 

https://time.com/6967414/bitcoin-halving-countdown-event-2024/
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Bitcoin halving is an event where the reward for mining new bitcoins is cut in half, happening roughly every four years.

Proponents believe it will make bitcoin more valuable due to scarcity. Historically, bitcoin's price has increased after past halvings, but some argue it's a coincidence or due to increased excitement.

The upcoming halving's impact is uncertain, with some predicting a price increase and others a decrease.

Beware of Bitcoin halving hype!!

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