What is the impact of the halving event on the number of new bitcoins being created?

1 answers

• SIDESH S AI-DSAug 23, 2022 · 3 years ago
  The halving event is a significant milestone in the Bitcoin ecosystem. It occurs every four years and has a direct impact on the number of new bitcoins being created. When the halving event takes place, the block reward for miners is reduced by half. This means that miners receive fewer bitcoins for their work, which can affect their profitability. Additionally, the halving event can also influence the price of Bitcoin. Historically, the price has tended to increase following a halving event due to the reduced supply of new bitcoins. However, it's important to note that past performance is not indicative of future results, and the price of Bitcoin is influenced by a variety of factors.
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