Macroaxis Blog

Bitcoin's Halving Event in 2024: 5 Tips for Traders & Holders

  

Bitcoin's halving event is a predetermined process coded into Bitcoin's network protocol that reduces the reward for mining new blocks by half. This event occurs approximately every four years (or every 210,000 blocks). The halving is significant because it directly influences the rate at which new Bitcoins are created, simulating a form of artificial scarcity similar to precious metals like gold. This scarcity is part of what supporters believe gives Bitcoin its value.

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Reviewed by Ellen Johnson

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