On April 19, or whenever a bitcoin miner mines block number 840,000, the amount of bitcoin (BTC) entering into circulation will halve from about 900 a day to 450. This event, colloquially known as the halving, looms large in the Bitcoin mindshare, making Bitcoin what it is.
Once all 21 million bitcoins are mined, the halving will cease its purpose, likely in 2140. The reasons behind Nakamoto's choices for Bitcoin design elements remain unknown, sparking various speculative guesstimates.
The halving event is an integral part of Bitcoin being deflationary, with its impact foreseen since the cryptocurrency's inception. Anticipated arguments include whether the halving is 'priced in,' its effects on miners, and the potential market rally it could trigger.
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