Uncertainty heading into Bitcoin’s fourth halving
Other - APRIL 19, 2024

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Uncertainty heading into Bitcoin’s fourth halving

by Lewis Dayton

With projections that the Bitcoin halving will happen sometime between April 19 and 20, many investors will be watching the currency’s price in the coming days to see how the market responds to further scarcity.

Bitcoin was built by its creator Satoshi Nakamoto with a halving mechanism in place to cut the amount of bitcoins rewarded to miners by half with every 210,000 blocks mined, which happens about every four years, wrote Alyssa Hertig for Coindesk.

At the launch of bitcoin, miners were rewarded with 50 bitcoins every 10 minutes, that number is now at 6.25 bitcoins per 10 minutes, and the coming halving will set it to 3.125.

The bitcoin supply will cap out once there are 21 million coins in the ecosystem, which is projected to occur around 2140, noted Hertig.

As the halvings continue to take place, there is concern among the Bitcoin community that miners will have less

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