Halving 2024 Where is Bitcoin heading next? Cointelegraph

Image for article Halving 2024 Where is Bitcoin heading next? Cointelegraph
News Source : Cointelegraph

News Summary

  • The Bitcoin (BTC) halving is a pre-programmed event that cuts the new supply of BTC in half approximately every four years
  • The halving will generate a revenue shock for miners and reduce the amount of new BTC issued in the market
  • In the months following the halving, the supply shock may cause prices to spike, assuming that demand remains constant

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