Hello everyone, in this video I want to talk about the Bitcoin Halving event.
The Bitcoin Halving event is a process that takes place roughly every four years, where the amount of Bitcoin created with every block mined is cut in half. This means that the reward miners receive for mining a new block is reduced from 12.5 Bitcoin to 6.25 Bitcoin.
The main purpose of the Halving event is to control the money supply of Bitcoin and keep it scarce. This means that the number of Bitcoin created each day will continue to decrease until all 21 million Bitcoin have been mined.
The Bitcoin Halving event has been hyped up a lot in the media and there are a lot of people who think that this will lead to a huge increase in the price of Bitcoin. This may be true in the short-term, but in the long-term, the Halving event won’t have a huge impact on the price of Bitcoin.
The main impact of the Halving event will be on miners, as the reduction in rewards will reduce their profits. This could lead to some miners dropping out of the market, as they will no longer be able to sustain their operations.
So, while the Halving event may have some short-term effects on the price of Bitcoin, in the long-term, it won’t have a huge impact.
