Bitcoin Halving 101: What You Should Know. #BITCOIN undergoes a "#halving" every 210,000 blocks, or roughly every 4 years.
23 Aug 2023, 07:31
š Bitcoin Halving 101: What You Should Know š
#BITCOIN undergoes a "#halving" every 210,000 blocks, or roughly every 4 years. This event cuts the miners' rewards in half, effectively reducing the new supply of Bitcoin by 50%. š ļø
#cryptocurrency #CRYPTONEWS #RichQUACK $QUACK
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Key Dates:
1st Halving: Nov 28, 2012 (50 to 25 BTC)
2nd Halving: July 9, 2016 (25 to 12.5 BTC)
3rd Halving: May 11, 2020 (12.5 to 6.25 BTC)
Why it matters? š¤
Controls Bitcoin supply ā
Fights inflation š
Historically boosts BTC price š
Mark your calendars! The next halving is expected in April 2024. Given past trends, we might see another price surge! š