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Bitcoin’s Next halving 2024
As the anticipated bitcoin halving in April 2024 draws near
Bitcoin’s Next halving 2024
As the anticipated bitcoin halving in April 2024 draws near, investors are keenly observing
the potential for significant market movement.
The halving is expected to slash mining rewards from 6.25 to 3.125 bitcoins, marking a critical juncture
that historically has been associated with notable price fluctuations and increased investor interest.
Here is everything you need to know as we approach this key milestone.
How often do halvings occur?
Halvings occur approximately once every four years, and they are expected to continue until the year 2140,
when the amount of bitcoin in circulation is forecast to reach its maximum supply.
How often do halvings occur?
Halvings occur approximately once every four years, and they are expected to continue until the year 2140,
when the amount of bitcoin in circulation is forecast to reach its maximum supply.
What is the maximum supply of bitcoin?
With a capped supply of 21 million bitcoin, halvings represent a step closer to bitcoin’s max supply limit.
What is the current award for mining bitcoin?
The current bitcoin award of 6.25 BTC is expected to be reduced to 3.125 BTC following the April 2024 halving event.
Source: Pro Shares
Bitcoin (BTC) surged past the $70,000 mark for the first time ever on March 8, 2024.
Bitcoin’s Next halving 2024
Bitcoin (BTC) surged past the $70,000 mark for the first time ever on March 8, 2024.
This monumental achievement marks yet another significant leap in Bitcoin’s ongoing journey
towards mainstream adoption and recognition as a legitimate asset class.
The remarkable ascent to $70,000 reflects the growing investor confidence
and widespread acceptance of Bitcoin as a store of value and hedge against inflation.
Since its inception, Bitcoin has captivated both retail and institutional investors,
with its decentralized nature and finite supply distinguishing it from traditional fiat currencies.
Source: News & Insights
