reclama tu regalo 🎁 Less than a week until the Bitcoin halving: what it is and what will be its impact on the price

The biggest event for the cryptocurrency is expected on April 19. Experts aim for $100,000 levels to close the year

Safe with Bitcoin logo.

Safe with Bitcoin logo.

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LAURA DE LA QUINTANA | MADRID

04/15/2024 02:00

Before the end of this week, the Bitcoin halving will take place, the most important event on the calendar for the cryptocurrency. There is no definitive day because the halving occurs every 210,000 mined blocks (approximately every four years, coinciding, by the way, with US election cycles). "At the current validation rate, it is estimated that it will be on the 20th or, perhaps more likely, the day before," April 19, point out different analysis firms.

What is the Bitcoin halving? This cryptocurrency is not created in the same way as traditional money, which depends on the speed at which the central banks of each country or region have decided to print their banknotes. Bitcoins are the result of the work of miners who decipher each block (an increasingly complicated feat) and which is recorded in the blockchain network (or chain of blocks). Well, this effort also has its reward and it is the number of bitcoins they receive each time they manage to complete one of these blocks, although as time progresses the prize they receive is smaller. And, in fact, everything has already been written. "The maximum supply of bitcoins is closed at 21 million, but because a non-linear mechanism has been designed, it will take 100 years to get there, although it has only taken 15 years to reach 19.6 million tokens " today, say Julius Baer.

El halving