In a few days one of the most important events in the crypto world will take place, the fourth halving of the most popular digital currency. What this means for investors and what they should consider.
The crypto ecosystem is facing one of its most momentous events – the Bitcoin-Halving next week. This event, which occurs approximately every four years, is again expected to have a significant impact on Bitcoin’s price and market structures. The most important points about what halving actually is and what investors should pay attention to wallstreetONLINE summarized here:
What is a Bitcoin Halving?
Halving reduces the reward miners receive for adding a new block to the blockchain by 50 percent. Currently, miners receive 6.25 Bitcoin per block, which will drop to 3.125 Bitcoin after the halving. This mechanism is an integral part of the Bitcoin protocol and aims to limit supply and avoid inflation. Since the total number of Bitcoins ever available is capped at 21 million, the halving is intended to help Bitcoin’s value potentially increase in the long term.
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