When is Bitcoin's half-life in 2024?
$Bitcoin (BTC.CC) $As the market continues to rise, investors are preparing for the next half-life event for virtual currency. Each time this happens, incentives to mine bitcoins are cut in half, and the supply of bitcoins, which is already finite, is reduced.
Bitcoin's half-life is approximatelyevery 4 yearsIt is carried out, and as the half-life period approaches, the value of BTC rises rapidly, and the overall price of virtual currency tends to rise. Currently, both mainstream cryptocurrencies and altcoins are showing impressive growth, so investors are probably wondering when the next Bitcoin half-life will be.
The next Bitcoin half-life
Investors have been marking their calendars for months on 2024/4/28, when the next Bitcoin half-life was initially anticipated. Well, it looks like the big day has been brought forward. According to Nicehash's countdown, the half-life is currentlyApril 15It is reported that there is a high possibility that it will be around time.
Due to the recent rise in the price of virtual currency, more miners have gathered, and it is said that the network is speeding up in the process.
Since the previous half-life also occurred earlier than expected, this would be consistent with history. However, even if the dates are different, it doesn't mean that the next half-life isn't that important for virtual currency prices.
Bitcoin was designed to limit the total supply that has ever existed to 21 million tokens. To date, 19 million bitcoins have been mined and distributed. Half-life events are held once every 4 years to slow down the circulation speed of new bitcoins and reduce rewards given to cryptocurrency miners by 50%. The previousAfter a half-life event, the price of BTC has risen sharply. Since the last half-life in 2020,$Bitcoin (BTC.CC) $What is the price ofUp close to 600%I did.
Certainly, part of Bitcoin's successful season is also due to the recent launch of Bitcoin exchange funds (ETFs), which are helping to create new momentum in the cryptocurrency market.
However, when is the next Bitcoin half-lifeApril 15, April 28,Whether or not it takes place on another day, it's undeniable that it will have a huge impact on cryptocurrencies.
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