Bitcoin halving is a significant event that occurs on the blockchain of Bitcoin. It is when the reward for mining Bitcoin transactions is cut in half . This means that the rate at which new coins are created is reduced, and the available amount of new supply is lowered . The next halving is expected to occur in April or May 2024, when the block reward will fall to 3.125 BTC . The final halving is expected to occur in 2140 when the number of bitcoins circulating will reach the maximum supply of 21 million .
The halving mechanism helps make Bitcoin a scarce, inflation-resistant resource . It also reduces the rate at which new coins are created and thus lowers the available amount of new supply . Lower supply with steady demand usually leads to higher prices
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