What is Bitcoin Halving and when will bitcoin halving happen? Bitcoin Halving Explained

What is Bitcoin Halving and when will bitcoin halving happen? What is the bitcoin halving? When is the bitcoin halving? how will the bitcoin halving impact your portfolio? What is bitcoin price prediction after bitcoin halving? What is bitcoin price prediction for bitcoin halving?
Bitcoin halving is an event that occurs approximately every four years in the Bitcoin network, reducing the reward miners receive for validating transactions. The halving is programmed into the Bitcoin protocol to occur every 210,000 blocks, which is roughly every four years based on the time it takes to mine blocks.
When Bitcoin was created in 2009, miners received 50 bitcoins as a reward for each block they mined. In 2012, the first halving occurred, reducing the reward to 25 bitcoins per block. In 2016, the second halving took place, reducing the reward further to 12.5 bitcoins per block. The most recent halving occurred in May 2020, reducing the reward to 6.25 bitcoins per block.

The bitcoin halving has a significant impact on the supply of new bitcoins entering the market, which can affect the price of Bitcoin. The idea is that as the supply decreases, if demand remains constant or increases, the price of Bitcoin may rise due to the reduced supply. However, the actual impact of halving events on the price of Bitcoin is a topic of debate among experts.

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