The Bitcoin ETFs appear to have opened many institutions’ eyes to Bitcoin as an alternate asset. Will the April halving accelerate the trend?
Much remains unknown about Bitcoin’s (BTC) quadrennial halving event, which reduces the block rewards earned by Bitcoin miners by 50%, who play a critical role in validating BTC transactions and securing the system.
Will miners go bankrupt or flee the network? Will the hash rate collapse? Will the price of Bitcoin rise and then fall? Will the halving spur further crypto adoption? And so on.
But this much is certain: Every four years, miners’ block rewards are cut in half — this is pre-coded into the network — and at some point in April 2024, once the 210,000th block is validated, miners’ rewards will fall from 6.25 BTC per block to 3.125.
