The cryptocurrency world will arrive with bated breath every four years Bitcoin halving waiting. Since this event, which has major consequences for the markets, usually results in a price increase, positive wind blow.

Have you ever heard the term halving, but you don’t know exactly what it is? what it means or why is it so important If you can’t figure it out, don’t worry. In this content we will talk about all the details about the halving that is expected to happen soon.

Let’s explain it simply. What is Bitcoin Halving?

Halving is a type of event in the Bitcoin network. turning point we can say.

This event refers to the reward given to miners who verify transactions on the Bitcoin network and keep the network running by securing these transactions (i.e. the amount of Bitcoin the miner creates). 50% discount resources.

In fact, the halving is the price of Bitcoin, which is set at 21 million. keep the total supply under control and it is done to limit it.

Let’s take a look at previous halvings.

Before the halving in 2020, the amount of new Bitcoin added to the network every 10 minutes was 12.5. However, this amount has decreased since the halving that took place in May 2020 It dropped to 6.25.

The next halving will occur on April 19, 2024, and this rate will drop to approximately half to 3,125 is expected to fall. This process involves the total amount of Bitcoin Until all 21 million are removed to be continued; This is predicted to happen around 2140.

How exactly is it calculated when this halving will take place?

This process, which we call halving, Every 210,000 blocks happens. every block in about 10 minutes Assuming this is confirmed, this equates to approximately four years.

A total of 19 million 684 thousand units of Bitcoin, with a maximum supply of 21 million, were mined. According to this calculation, the remaining amount of Bitcoin is: 1,316,000,000.

Hence the last halving in the year 2140 is expected to be realised.

What will be the impact of the upcoming halving on prices?

The reward given to miners when the halving occurs determines the speed at which new Bitcoins enter the market. slows down.

Therefore, both the quantity is limited and the speed at which the existing quantity enters the market decreases. It makes the supply of Bitcoin even scarcer.

Looking at previous halvings, prices rise is seen. Although halving is generally associated with a price increase due to the scarcity and rarity it creates, the increase mentioned according to current market conditions Of course, it must be taken into account that it will take shape.

For example, according to Investing, JP Morgan analysts say Bitcoin’s price increase started before the halving, compared to previous halving periods. a completely different situation They argue that this is so. to this situation pessimistic coming analysts expect prices to rise after the halvingthat things could go in a different direction than normal. states.

None of the elements in our content It is not investment advice And let’s end our content by reminding you to always do your own research.

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