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Bitcoin halving
Updated on 15 April 2024 KEY TAKEAWAYS The upcoming fourth Bitcoin halving is scheduled around April 19, 2024. It will reduce the miner reward from 6.25 to 3.125 BTC, escalating the scarcity and demand for Bitcoin. Market optimism that could drive prices towards and possibly above the $100,000 threshold. The Bitcoin world is on the cusp of a significant event – the fourth Bitcoin halving , expected to occur around April 19, 2024. This pre-programmed mechanism, embedded in Bitcoin’s DNA, cuts the block reward for miners in half, significantly impacting the rate at which new Bitcoins enter circulation. But what exactly is the halving, and how might it affect Bitcoin’s future? What is the Bitcoin Halving? Satoshi Nakamoto , the creator of Bitcoin, designed a system with a finite supply of 21 million coins. The halving mechanism was ingrained in the Bitcoin protocol to prevent inflation and maintain a secure network. The reward for miners validating transactions gets halved ...