Dogecoin Price Expected to Hit $1.6 by 2024
Approximately every four years, Bitcoin experiences a Halving event, which cuts in half the rewards miners receive for validating transactions
With each Halving, the rate of new Bitcoin creation slows down
This scarcity inherent to Bitcoin makes it akin to digital gold
The reduced supply often leads to increased demand, which, in turn, drives up the BTC price
During a Bitcoin Halving, miners receive 50% fewer bitcoins as rewards, making mining less profitable for some
Historically, previous Halving events in 2012, 2016, and 2020 have correlated with significant price rallies.