Bitcoin Halving Countdown
What is a block halving?
A block halving is a process of reducing the rate at which new cryptocurrency units are generated. Specifically, it refers to the periodical halving events that decrease the block rewards provided to miners.
Once in roughly every 4 years, there are Bitcoin halvings. (Or once every 210,000 blocks.)
This will keep happening until the total supply of 21 million Bitcoins have been released.
It is estimated that the last Bitcoin will be mined in year 2140. When halvings happen, the number of rewards given to bitcoin miners for processing transactions is cut by 50%. The value of Bitcoin however is predicted to keep going up just like it has been, so halvings do not affect miners like it may appear to be. While there is less and less Bitcoin mined, the value of it is generally greater and great. Companies like Fidelity, estimate that the price of a single Bitcoin will be 1 billion dollars. We estimate that it will be much greater than that.
Why does halving occur?
Halvings is good for everyone because it ensures that coins will be issued steadily, instead of all at once. Bitcoin also has a maximum possible supply of 21,000 coins and there can never be any more of it made. This should mean that the value of it will keep increasing steadily as more and more people desire to own a share of it.