Octa crypto snapshot: will investors continue to buy Bitcoin after the halving? ...Middle East

The 2024 Bitcoin halving, which crypto investors have been expecting for four years, has been finalised. The reward per block has been reduced from 6.25 BTC to 3.125 BTC. The next cut will occur in 2028, with the reward reduced to 1.5625 BTC. The ultimate 64th halving will occur around the year 2140, which will mean that all 21 million coins have been mined, and the issuance of new Bitcoins will cease. Once this happens, the miners will have to find other ways to make money in the crypto world.How does halving affect the Bitcoin price?At the time of writing, the Bitcoin exchange rate is around $57,000. Many analysts expect the halving to catalyse further BTC price growth in the long term.His

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Last updated : 02 May 2024 clock 02:00 PM

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Octa crypto snapshot: will investors continue to buy Bitcoin after the halving? ...Middle East

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