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Almost Left for the Bitcoin Halving: What Time Will It Take Place on Which Day? - Coin Newsletter
There are 20 days left until the halving of Bitcoin (BTC), which occurs every 4 years.
According to data from NiceHash, the next Bitcoin halving will take place on April 19, 2024 at 15:00 CET. With the halving, miners' Bitcoin reward for data per block will be reduced from 6.25 BTC to 3.125 BTC.
The history of Bitcoin halving can deviate from plus or minus depending on the difficulty level of the network. Although it is not possible to announce the exact date in advance, it is possible to predict the day it will take place.
Bitcoin halving is a reward halving system in the Bitcoin protocol that occurs every 210,000 blocks. In this system, the Bitcoin reward given to miners for each block is halved. This slows down the rate at which the supply of Bitcoin is increasing and helps control asset-specific inflation.
Past halvings have led to significant increases in the price of Bitcoin. This is due to the fact that supply decreases and demand remains constant or increases. After the halving, Bitcoin will become more difficult and less profitable to mine. This can also cause miners to sell Bitcoin and cause the price to drop.
On the other hand, giant mining companies will tend to close the gap by investing in higher-end mining devices in preparation for halving.