What is bitcoin halving and why does it matter?

Based on the last section we know that the Bitcoin halving is going to reduce the available supply to the market. This, based on the theory of supply-demand should have a long term positive impact on price. Demand, however, affects the rate at which price inflates and deflates at a much more dramatic speed.

When does the next bitcoin halving occur?

The next Bitcoin halving is scheduled to take place in 2024 at block 840,000. On Mar 21, 2024 05:32:05 PM UTC the Bitcoin block reward is scheduled to drop from 6.25 Bitcoin per block to 3.125 Bitcoin per block.

When will bitcoin reach its peak price?

Timothy Peterson has forecasted that Bitcoin will reach $10 million in our lifetimes Bitcoin will reach this peak value in the next 15 to 30 years His analysis is based on the assumption that Bitcoin follows an adoption curve similar to the internet’s

When does bitcoin reward half?

When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140).