How much will Bitcoin reduce production by 2024

Bitcoin is a decentralized cryptocurrency that undergoes production cuts every four years, that is, half of the reward for block production. The next production cut is expected to occur in 2024, when the block reward will be reduced from the current 6.25 bitcoins to 3.125 bitcoins. The production cut will lead to a decrease in the supply of new Bitcoin, which is expected to have a significant impact on the price of Bitcoin and drive it to rise.

Bitcoin's production cut by 2024

Bitcoin's block reward halving mechanism occurs every four years Once, the supply of new Bitcoins has decreased. By 2024, Bitcoin will experience its third halving.

Specific output reduction

It is expected that after Bitcoin is halved in 2024, the block reward will be reduced from the current 6.25 BTC to 3.125 BTC. This means the supply of new bitcoins will be reduced in half, and the number of bitcoins entering the market will be reduced from about 900,000 to 450,000 each year.

Impact of Half

The impact of Bitcoin halving on the market is usually positive:

Increase scarcity :
• Halving reduces the supply of new Bitcoin and increases its scarcity.
Increase prices:
• As time, demand increases and supply decreases, usually causing a rise in Bitcoin prices.
Attracting Investment:
• Halving creates an investment opportunity as investors expect the increase in Bitcoin’s scarcity to drive up its value.
Volatility:
• Halving may lead to increased volatility in Bitcoin prices as market participants react to the impact of the halving.

Other Half Date

First Half: On November 28, 2012, the block reward was halved from 50 BTC to halved 25 BTC

Second Half: On July 9, 2016, Block Reward Half From 25 BTC to 12.5 BTC
• Fourth Half: Expected to occur in 2028, Block rewards will be halved from 3.125 BTC to 1.5625 BTC
• Official website of Bitcoin trading platform:

okx Ouyi installation package

[adid]66f041e16a60928b05a7e228a89c3799[/adid]

binance Binance Official Website

[adid]9f61408e3afb633e50cdf1b20de6f466[/adid]

gate.io official website entrance

[ adiid]072b030ba126b2f4b2374f342be9ed44[/adid]

The above is the detailed content of How much will Bitcoin reduce production by 2024. For more information, please follow other related articles on the PHP Chinese website!