There are 100 days left until the 4th Bitcoin halving event
The world's largest cryptocurrency network Bitcoin is only 100 days away from the 4th halving in history.
There are 100 days left until the 4th Bitcoin halving event
According to statistics from the block explorer for the BTC network, Blockchair,BitcoinAnother 100 days until it will be done againhalving4th in history, splitting the block mining reward in half from 6.25 BTC to 3,125 BTC.
The estimated halving time will be around the afternoon of April 22, 2024 (Vietnam time), if the Bitcoin network continues to maintain an average block generation time of 10 minutes and without any problems.
Bitcoin's next halving is expected to take place on April 22, 2024. Source: Blockchair
As explained by Coin68,halvingis BTC's deflationary mechanism, designed to divide the amount of new coins produced in half as block mining rewards after every 120,000 block cycle, or once every 4 years. It is designed to ensure a long Bitcoin production period, so that the maximum total supply of 21 million BTC is only reached in 2140.
SinceBitcoin was born in 2009, this coin has undergone 3 halvings in 2012, 2016 and 2020.
The halving cycle has long been seen as a milestone that opens a new period of growth for the cryptocurrency market, with Bitcoin often reaching its ATH peak 1 year after the halving of the block reward.
The next halving event is expected to take place at the end of April 2024, from then on, the block reward will only be 3,125 BTC/block.
Bitcoin price fluctuations after each having season. Source Crypto.com
Many market analysis units havemake predictionsthat Bitcoin after the upcoming halving event will experience a growth period similar to 2013, 2017 and 2021, reaching a value of hundreds of thousands of USD.
Bitcoin on January 11 established another historical milestone in the15 years of formation and developmentwhen approved by the US Securities and Exchange Commission (SEC).approval for 11 Bitcoin spot ETF proposalsof Wall Street giants, notedTrading volume amounted to 7.7 billion USDjust 2 days after launch.
