Bitcoin halving happens once every four years and successfully helps lift the Bitcoin price by providing scarcity and increased demand. The upcoming halving, which is supposed to happen around 20 April, will be the 4th halving event of Bitcoin after the successful history of the past three.
In this blog, let us discuss how Bitcoin Halving works and how miners will face billions in losses.
How Does Bitcoin Halving Work?
Bitcoin Halving is mandated to happen every 210,000 block formation, which takes almost four years. This four-year event is one of the most hyped events of the cryptocurrency market, as the Bitcoin mining award gets sliced in half, leading to Bitcoin scarcity and increased demand, eventually lifting the Bitcoin price.
Bitcoin halving plays a major role in building the demand for Bitcoin and maintaining the inflation around it. To do so, the mining rewards have to be compromised. For instance, in the last halving event of May 2020, the block reward was reduced from 12.5 B
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