Posted 4/1/2024, 9:00:12 PM
Bitcoin's Fourth 'Halving' Event Projected for Mid-April, Reducing Miner Rewards
- Bitcoin Halving happening around April 19 when miners rewards cut in half to 3.125 BTC
- Event projected based on average block time; could happen slightly before or after
- Halving is deflationary measure encoded by Bitcoin founder Satoshi Nakamoto
- Occurs every 210,000 blocks; this will be the fourth halving event
- Although directly affects miners, ripples through market due to reduced supply
- Historically leads to significant BTC price appreciation in months afterward
