Bitcoin Halving and the Subsequent Bull Runs
The Bitcoin halving is a pre-programmed event that occurs approximately every four years, or after every 210,000 blocks are mined. It’s a crucial mechanism designed to control Bitcoin’s supply and ensure its scarcity. Simply put, it reduces the reward miners receive for verifying transactions and adding new blocks to the blockchain by 50%. This intentional decrease in the rate at which new Bitcoins are created has historically been linked to significant price appreciation, often referred to as a “bull run.”