This article uses auto-translation partially.
It will be the fourth time in 2024Bitcoin's "halving"is approaching.Historically, the price of Bitcoin often skyrockets.In the previous halving on May 11, 2020, Bitcoin was priced at $8,750. It showed a skyrocketing of more than 430% from $0.01 million on October, five months later, to $0.06 million on March 2021.
The 'halving' of bitcoin is an event that systematically reduces the rewards received by miners (this term is mentioned in the code of Bitcoin). It is carried out at a frequency of about once every four years, more precisely, for every 0.21 million blocks of transactions. As the name suggests, the amount of bitcoin received by miners per block reward is halved. When Bitcoin was launched in 2009, miners received 50 bitcoins per block, but this reward decreased to 25 in the first halving in 2012. In 2016, it became 12.5, in 2020 it became 6.25, and it is scheduled to decrease to 3.125 in 2024. Due to the difficulty in determining the exact date, analysts are beginning to make predictions about when the halving will occur...