Bitcoin (BTC) remains at the forefront of discussions as the cryptocurrency market continues to evolve due to its unique setup. Bitcoin’s unique economic model, driven by its halving events, has intrigued the general financial world.
Since the cryptocurrency’s inception 14 years ago, the Bitcoin network has undergone only three halving events. Indeed, according to data provided by crypto content creator Shalva Machitidze, Bitcoin has a total of 32 halving events with 29 remaining, with attention focusing on how the asset will be impacted.
Bitcoin halving schedule. Source: Binance Feed
It is worth noting that halving is one of the key features that sets Bitcoin apart from traditional fiat currencies due to its predetermined issuance schedule. Notably, approximately every four years, or after every 210,000 blocks mined, miners’ reward for confirming transactions and adding them to the blockchain is cut in half.
Bitcoin seven-day price chart. Source: Finbold
Generally, the cryptocurrency market is highly speculative and volatile, and past performance does not necessarily indicate future results.
