© 2023 All Rights Reserved.

What is Bitcoin Halving & Everything you need to know about it

Bitcoin Halving by web3oclock

Does Bitcoin go up after halving?

Will Bitcoin’s price increase after a halving event? An expert believes that there might be two more price drops after the halving. However, it is suggested that Bitcoin’s price could reach its highest point after the 2024 halving, indicating that the cryptocurrency may go through a significant price increase before and after this event.

What happens during Bitcoin halving? 

During a Bitcoin halving, the number of new bitcoins created is reduced by half. This process is expected to keep happening until around the year 2140, when the total number of bitcoins is supposed to reach a limit of 21 million.

How many Bitcoin Halvings are left?

There will be more Bitcoin halvings ahead because they happen until all the Bitcoins are mined. There will be a total of 32 halvings, which means there are 29 more to come. Currently, there are 19.22 million Bitcoins out of a maximum supply of 21 million that have already been mined.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Enjoy These Articles


About © 2022 All Rights Reserved.

Subscribe To Web 3.0 Wired Weekly Newsletter!

Get ready to experience Web 3.0 revolution with our enriched industry updates & entrepreneurial stories.