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| Bitcoin halving |
Bitcoin halving 2024 How much will the price of Bitcoin reach
The Bitcoin halving is an event that takes place every four years. This event sees the amount of new Bitcoin created with each block being cut in half, thereby reducing the rate at which new coins are added to circulation. The most recent halving occurred on May 11th, 2020 and saw the reward for mining a single block reduced from 12.5 BTC to 6.25 BTC per block mined.
The next scheduled halving will occur sometime around 2024 and it’s expected to have a significant impact on both miners and investors alike as it could potentially lead to an increase in price due to decreased supply relative demand for Bitcoin (BTC). There has been much speculation about how high prices can go post-halving but no one knows exactly what will happen until then; however, some estimates suggest that by 2025 prices could reach anywhere between $50k-$100k USD or even higher depending on market conditions at that time!
It's impossible to predict exactly how much the price of bitcoin will be when we get closer towards 2024 - there are too many variables involved such as economic stability/instability of different countries, political events etc., so any prediction would just be guesswork right now! However what we do know is that these types of events historically tend towards positive outcomes where more people start investing into cryptocurrencies because they become aware of their potential benefits over traditional finance systems like banks or stocks & bonds markets - plus if you consider all other factors like increasing adoption rates across businesses/governments worldwide then this could also play a role in driving up prices further down line too!
Ultimately though only time can tell us what happens once we get closer towards 2024 – so until then all anyone can really do is speculate about potential future scenarios based off current trends & data points available today...