The Coin Files on Nostr: The next halving is in 10903 blocks, approximately 11 weeks. What is the halving? ...
The next halving is in 10903 blocks, approximately 11 weeks.
What is the halving?
Every 210,000 blocks or approximately 4 years, the amount of #Bitcoin rewarded to miners every time they add a block of transactions to the time chain is cut in half.
It is a pre-programmed supply shock.
Based on the law of supply and demand and with all else equal:
If demand for Bitcoin stays the same post-halving, we will likely see an increase in price.
If demand for Bitcoin increases post-halving, we will likely see an even higher increase in price.
What is the halving?
Every 210,000 blocks or approximately 4 years, the amount of #Bitcoin rewarded to miners every time they add a block of transactions to the time chain is cut in half.
It is a pre-programmed supply shock.
Based on the law of supply and demand and with all else equal:
If demand for Bitcoin stays the same post-halving, we will likely see an increase in price.
If demand for Bitcoin increases post-halving, we will likely see an even higher increase in price.