The halving of Bitcoin is a significant event that occurs approximately every four years, effectively cutting the reward for mining new blocks in half. This event is part of the built-in monetary policy of Bitcoin to control inflation.

Starting from 2009, when the block reward was 50 bitcoins, the first halving in 2012 reduced the reward to 25 bitcoins. The trend continued in 2016 with the reward dropping to 12.5 bitcoins. The most recent halving in 2020 saw the reward fall to 6.25 bitcoins.

Looking ahead to 2024, the next anticipated halving will decrease the block reward to 3.125 bitcoins. These planned halvings gradually reduce the rate at which new bitcoins are generated, aiming for a total of 21 million bitcoins to ever be in existence, a cap expected to be reached by the year 2140. The halvings are crucial events that have historically impacted Bitcoin’s price and market dynamics, adding to the deflationary nature of the bitcoin.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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