When will the next Bitcoin Halving and Bitcoin Price be affected
📅 March 16, 2024
If any incident occurs in the Cryptocurrency Market, then bitcoin has the main role in it. The main reason behind which Bitcoin’s crypto currency dominance on the currency market. Every person who knows about Crypto Currency Market is originally due to bitcoin, it will be connected to this market. The main reason behind this, since the start of the Cryptocurrency Market in the last 15 years, Bitcoin has performed that every person has forced every person to press his fingers under his teeth, which the Crypto knows the currency market closely. In such a situation, in 2024, once again a big event related to Bitcoin is going to be Bitcoin Halving, due to which there is a lot of enthusiasm among investors. Investors believe that the price of bitcoin can be seen in the price after Bitcoin Halving Tournament. There is also enthusiasm among the investors of Crypto Market here, because if the price of BTC increases, then the prices of other Altcoin can also be seen.
What is Bitcoin Halving and when will the next Halving event
Bitcoin willing is a programmed event, which occurs once every four years. During this event to regulate bitcoin construction, the block reward to the miners gets half. That is, the minors of bitcoin mining get less bitcoins for their mining efforts. It goes on to say that Bitcoin Halving is a fundamental aspect of the design of bitcoin, which helps to ensure that the creation of new bitcoins cannot be done very quickly. Once 21 million bitcoins are mined, after this, the minors will not get BTC in the block reward, but will get the opportunity to offer a revenue to the miners through the transaction fee. In such a situation, it is necessary to know how the journey of Bitcoin was still from the first bitcoin halving.
After the launch of Bitcoin in 2009, Bitcoin Halving Tournament has been done 3 times so far. As we have informed you, the block reward to the minors during every halving becomes half. In such a situation, after the first Bitcoin Halving event in 2012, the block reward was reduced from 50 bitcoin to 25 bitcoins. Just four years later, the second Halving event took place in 2016, after which the block reward fell from 25 to 12.5 bitcoins. At the same time, after the third Halving event in 2020, this block reward declined to 6.25 bitcoins. Now that Bitcoin Halving is going to happen in the year 2024 also, the block reward will be reduced once again and it will be reduced from 6.25 to 3.12 bitcoin. The next Bitcoin Halving event will be in 2028, after which the block reward will be reduced from 3.12 to 1.5 bitcoins. Bitcoin Halving event has been reading positive effects on Crypto Currency Market. Along with this, the prices of bitcoin are also seen to be rising after every Howing event.
How will the impact of the upcoming Having event be on bitcoin
The occurrence of bitcoin gesture can affect the price of bitcoin. The history of gesture in the past years is indicating this towards this. Actually, whenever there is a gesture event, there has been a rise in the price of bitcoin. Actually, due to halving, there is a decrease in the supply rate of BTC, which puts pressure on the rise in bitcoin price. However, Bitcoin Halving is not guaranteed that the price of bitcoin increases. But according to the history of bitcoin dictation, when this event has taken place, the price of bitcoin has been caught. For example, after the Halving event held in 2020, bitcoin prices came out of a big jump and on 10 November 2021, exactly 11 months after the Howling event, Bitcoin made his all -time high $ 69,000, while the price of bitcoin before the lactation was around $ 9485. Similarly, even before Bitcoin Halving in 2016, the price of bitcoin was around $ 780, but after the Halving event, the BTC price reached around $ 1005 at the end of 2016. At the same time, after the launch of bitcoin in 2009, the first bitcoin of the first Halving event in 2012 was $ 13, while exactly a month after the dagger, the price rose to BTC $ 21.
Although the rise in the price of bitcoin is only the main reason behind the rise in the price, it would be wrong to say, there can be many factors affecting the price of BTC, including market sentiments and adoption etc. Since Halving is an event in a stipulated period, the positive impact of this event can be seen at the cost of bitcoin. In the coming time, Bitcoin Halving can lead to a rise in the price of bitcoin, which has also been visible for the last few months. 2023 was also named after Bitcoin, where BTC achieved several achievements, including making its 21 -month high $ 45000. Currently Bitcoin is trading around $ 42,784. Investors of Crypto Market are also expecting that bitcoin can also cross the level of $ 100K in the coming year.
Also read: Do you know, pi coin is mining your pocket
