BITCOIN HALVING COUNTDOWN ⏳
What you need to know about 2024 Bitcoin halving
#Bitcoin has a total supply of 21 million. To maintain circulation and increase scarcity, the number of Bitcoins issued per block is periodically reduced
This process of reducing the amount of Bitcoin emitted per block is called Bitcoin halving.
Bitcoin halving serves both economic and sustenance purposes,Halving takes place every four years.
When was the first Bitcoin halving?
The first Bitcoin halving occurred in November 2012. The next halving was in July 2016, and the most recent halving was in May 2020. The upcoming bitcoin halving is expected to happen on May 04, 2024,
This makes Bitcoin similar to gold, which has limited supply and cannot be "printed" or artificially created.
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