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The Bitcoin halving is seven months away, but is it bullish?
As we close the page on summer and roll into Q4, there is something growing ever close on the horizon: the Bitcoin halving. The fourth iteration of Bitcoin’s much-discussed supply cut is slated to take place in April 2024. The halving will see the block subsidy cut in half, from 6.25 to 3.125 Bitcoin. The block subsidy is integral to the incentive structure around Bitcoin, and miners rely on it to get paid for their “volunteering” in maintaining the blockchain. It is pre-programmed to split in half every 210,000 blocks, which roughly coincides with four-year intervals. In such a way, the inflation rate of ... (full story)
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- Posted: Sep 18, 2023 12:50pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 276
