🚨🚨🚨 And The Countdown Begins 🚨🚨🚨
In just a few days, Bitcoin ($BTC) will undergo a halving event, leading to a potential increase in its value.
🟢 But what exactly is the Bitcoin block halving?
The Bitcoin blockchain experiences a block halving approximately every four years or after every 210,000 blocks.
Initially, the rewards for each block discovered were 50 BTC. Currently, they stand at 6.25 BTC, and after the next halving, they will decrease to 3.125 BTC.
This mechanism is programmed into the Bitcoin code, ensuring a periodic reduction in the issuance of new Bitcoin coins.
🔴 What does this mean?
Unlike conventional fiat currencies (FIAT), where governments or banks can print new money, leading to inflation, Bitcoin operates differently.
With a maximum cap of 21,000,000 BTC, there's no room for additional coin creation, thus curbing inflation.
As demand for Bitcoin rises (more people start using Bitcoin), and the supply either decreases or remains constant (no new Bitcoins are created), the value of Bitcoin is expected to increase.
🟩🔴🟩 Disclaimer: The information provided includes third-party opinions and does not constitute financial advice.
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