Cryptocurrency Q&A
Why is bitcoin halving every 4 years?
Why is bitcoin halving every 4 years?
Michele
Wed Jul 10 2024
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7 answers
1044
Could you elaborate on the concept of bitcoin halving and explain why it occurs every four years? I've heard that this is a significant event in the cryptocurrency world, but I'm not entirely clear on the reasoning behind it. Specifically, how does this affect the supply and demand of bitcoins? And what are the potential implications for investors and the broader cryptocurrency market? I'd appreciate a concise yet comprehensive explanation of this fascinating phenomenon.
7 answers
isabella_bailey_economist
Fri Jul 12 2024
Specifically, at each halving, the miner's reward is cut in half.
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Dreamchaser
Fri Jul 12 2024
The total number of BTC that can ever be mined is capped at 21 million.
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FireflySoul
Fri Jul 12 2024
As a result of this reduced reward, the inflow of new BTC into the market decelerates.
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Stefano
Fri Jul 12 2024
In the cryptocurrency world, a significant milestone occurs every four years - the halving event.
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KatanaSharp
Fri Jul 12 2024
With less new supply entering the market, the price of existing BTC becomes more attractive to investors and traders.
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