Bitcoin Halving is the event where the number of generated Bitcoin rewards per block will be halved (divided by 2).

The total number of Bitcoin mined by miners per block will reduce from 12.5 to 6.25 BTC in the next bitcoin halving.

The number of bitcoin found per block will become more scarce and this halving reward ensures that bitcoin total supply will reach 21 million

estimated around May 24th, 2020

 Bitcoin halvings are important events for traders because they reduce the number of new bitcoins being generated by the network. This limits the supply of new coins, so prices could rise if demand remains strong. While this has happened in the months before and after previous halvings – causing bitcoin’s price to appreciate rapidly – the circumstances surrounding each halving are different and demand for bitcoin can fluctuat.

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