Bitcoin halving

Bitcoin Halving

A bitcoin halving is imminent. Here's what that means. In the next day or two, bitcoin is expected to go through a preprogrammed event that will cut new production of the cryptocurrency.

What is Bitcoin Halving?

Bitcoin halving is a process that occurs approximately every four years, where the rewards miners receive for mining new blocks are cut in half. This event is programmed into the bitcoin protocol to control the supply of bitcoin and ensure that there will only ever be 21 million bitcoins in existence.

Impact on Bitcoin Price

Historically, bitcoin halving events have been associated with an increase in the price of bitcoin. The theory is that as the supply of new bitcoins decreases, the demand for the cryptocurrency remains the same or increases, leading to a rise in price. However, past performance is not indicative of future results, so it's important to proceed with caution when investing in bitcoin around the time of a halving event.