Halving is a mechanism written into the Bitcoin blockchain’s algorithm to control the coin’s supply, which has a cap of 21 million. At halvings, the reward for bitcoin mining is cut in half, meaning miners will receive 50% fewer tokens for verifying transactions. Halvings are scheduled to happen after every 210,000 blocks that are mined — or about every four years — until the maximum supply of bitcoin is released. BTCUSD is likely to reach as high as $100,000 before its next halving event — which is expected to happen on or around April 20 — as exchange-traded funds investing in the token attract institutional inflows.
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What is Bitcoin Halving #BTC
Halving is a mechanism written into the Bitcoin blockchain’s algorithm to control the coin’s supply, which has a cap of 21 million. At halvings, the reward for bitcoin mining is cut in half, meaning miners will receive 50% fewer tokens for verifying transactions. Halvings are scheduled to happen after every 210,000 blocks that are mined — or about every four years — until the maximum supply of bitcoin is released.
BTCUSD is likely to reach as high as $100,000 before its next halving event — which is expected to happen on or around April 20 — as exchange-traded funds investing in the token attract institutional inflows.