What Will Happen During Bitcoin Halving

As seen from the chart the cryptocurrency increased by more than 400 in the following year eventually hitting its ath value upwards of 20 000 towards the end of 2017 s unparalleled rally.

What will happen during bitcoin halving. Miners who support the most valuable and revered blockchain network in the cryptocurrency ecosystem will now earn half as much as they used to 6 25 btc per block just as satoshi nakamoto designed. The bitcoin halving one of the most anticipated events in the crypto world finally happened today at 19 23 utc by antpool. While bitcoin was trading at around 650 us dollars at the time of the event a week later the rate was about 675 so not much of a change. The 2024 halving will happen on block 840 000.

Based on this we could. On crypto twitter there are numerous predictions made by various crypto personalities. The next halving is. These two halvings suggest that when the future supply of bitcoin declines during a halving the demand for bitcoin will usually stay the same which pushes the price up.

The orange line is bitcoin s inflation rate during a given period while the blue line is the total number of bitcoins issued. Bitcoin halving is an event that takes place every four years which halves the rates at which new bitcoins are created. Bitcoin s second halving took place on july 9 2016. In 2016 a week after the halving event not much happened to the exchange rate of bitcoin against the us dollar.

The halving happens every 210 000 blocks. Bitcoin prices may not rise during the halving. The event is known as the halving or halvening and occurs every four years where the rewards for those who support bitcoin are slashed quite literally in half. The 3 rd bitcoin halving is likely to happen tomorrow and it s been a hot topic amongst the crypto community on what will happen after.

During the second halving day on july 9th 2016 btc was trading at around 650. The bitcoin halving is scheduled in block height not date. It s serendipitous that bitcoin s first truly post mainstream halving event should happen in 2020 a year that s already seen the u s. Increase its money supply in a sudden and unprecedented way.

Although what will happen remains to be seen it s pretty interesting to read how these people perceive the bitcoin halving 2020 and what they re expecting to happen.