Video - Bitcoin Halving: The Jackpot Event Every 4 Years!
Did you know that every four years, the Bitcoin world hits the jackpot with something called "halving"? Imagine your favorite candy bar suddenly being split in half, but instead of getting less, you might end up with more value! So, whatโs this all about? Bitcoin halving slashes the reward that miners get for adding new blocks to the blockchain by 50%. Originally, miners earned 50 bitcoins per block. After the first halving in 2012, it dropped to 25, then to 12.5 in 2016, and down to 6.25 in 2020. Why do this? It's Bitcoinโs way of enforcing artificial scarcity - like vintage wine, but for digital gold! Fewer new coins mean it's rarer and potentially more valuable. Think of it as a weird diet plan for the Bitcoin economy to keep it slim, trim, and valuable. So, mark your calendars for 2024, the next halving event. Will Bitcoin prices soar, or will it be a crypto letdown? What's your bet? Drop a comment and letโs chat about these digital gold rushes!