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567 Days Left Before Bitcoin Halving: What is Bitcoin’s Halving?

567 days Left before BTC Halving

According to @BtcHalvingTimer

What is Bitcoin Halving? 🧡

➀When Bitcoin halving occurs, the block reward given to miners is reduced by 50%. This means that miners will earn less Bitcoin for verifying transactions on the blockchain. This event happens approximately every four years

➀BTC halving is designed to reduce the supply of Bitcoin over time. The halving is a key feature of Bitcoin and is one of the reasons why the cryptocurrency is seen as a deflationary asset.

➀While the BTC halving may reduce the rate at which new Bitcoin is created, it is also likely to increase the demand for Bitcoin, as miners will be incentivized to hold onto their Bitcoin in order to sell it at a higher price later.

➀The halving is a major event in the Bitcoin

& CRYPTO community and is something that all Bitcoin investors should be aware of.

➀That's a wrap. Kindly Rt & Follow @gabyconscious

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This post is based on this twitter thread.

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