Bitcoin block reward will decrease from 6.25 to 3.125 coins in approximately
Current Block at
Bitcoin Halving at Block #840,000
blocks to go...
Estimated date & time of reward drop:
Bitcoin Halving is the event where the number of generated Bitcoin rewards per block will be halved (divided by 2).
In this upcoming halving, the total number of Bitcoin mined by miners per block will be reduced from 6.25 to 3.125.
This halving event takes place approximately every 4 years and ensures its monetary policy.
Bitcoin's monetary policy helps ensure a gradual distribution of 21 million bitcoin over time. Unlike fiat currencies that are issued by government, bitcoin supply cannot be inflated at will. Conversely, bitcoin was designed to mimic the attributes of gold.
The supply of gold is limited to the amount that can be mined from Earth, and over a period of time becomes scarcer. The halving event is one of the method that is used to replicate bitcoin's scarcity.
As such, it can be said that bitcoin is a deflationary currency and may be an interesting asset class to hedge against inflation.
Block #840,000 (estimated around May 24th, 2024)
Block #630,000 (Reward reduced from 12.5 to 6.25)
