Nick Hodge,
Publisher
March 12, 2024
Bitcoin halving completed: April 19, 2024
Bitcoin Halving for Beginners and Seasoned Investors
The halving is an event in the process of mining Bitcoin where the reward for mining is cut in half after around 210,000 blocks are mined. This usually takes four years. The halving keeps the number of coins in circulation from increasing too quickly.
Whether you're new to the crypto space, or looking to expand your knowledge, start with reading through our related articles about the bitcoin halving:
Continue reading to get more details or click below to become a member of our Crypto Cycle publication, where our in-house crypto expert provides insights into his portfolio, as well as sends trading alerts and monthly issues. He also hosts a quarterly live session to answer your questions. If you're excited about cryptocurrencies or ready to learn more, join today.
Why The “Halving” Will Send Bitcoin Over $100k
It’s happened 3 times already... each time an event called the “halving” occurs, it’s followed by a massive uptick in price. And if history is any guide, the next halving will likely push Bitcoin well over $100k.
So what is the “halving?” It’s a price mechanism that’s hard-wired into the original code of Bitcoin, and it was put there to cut inflation and double the value. It’s a genius idea (if only the dollar had something like this!) and it’s part of why Bitcoin is such an ideal investment. The next one is just days away. Find out why the “halving” will turn the next round of Bitcoin investors into millionaires (just as it has before).
Related Content
Frequently Asked Questions
When was the bitcoin halving?
The last halving occurred April 19, 2024.
What happens after the halving to bitcoin?
The reward for mining bitcoin is reduced by 50%. That means new bitcoins have been reduced by half, but the price is still dependent on a number of other variables.
What does the bitcoin halving mean?
The halving is a pre-programmed event and is in bitcoin's actual protocol designed to control the supply and create a deflation effect.