Cryptocurrency Q&A Why is BTC halved?

Why is BTC halved?

Valentina Valentina Thu Dec 26 2024 | 5 answers 756
I heard that BTC experiences something called 'halving'. I want to understand why this happens and what its purpose is. Could someone explain the reason behind BTC halving? Why is BTC halved?

5 answers

SakuraBlooming SakuraBlooming Sat Dec 28 2024
Bitcoin's halving mechanism serves as a fundamental aspect in promoting economic freedom.

Was this helpful?

165
78
Martina Martina Sat Dec 28 2024
The potential preservation of digital currencies lies in their ability to ensure scarcity and maintain value.

Was this helpful?

107
94
EthereumLegend EthereumLegend Sat Dec 28 2024
By decreasing the rate of new Bitcoin generation, the halving process gradually makes Bitcoin more scarce over time.

Was this helpful?

259
68
Elena Elena Sat Dec 28 2024
If the demand for Bitcoin remains stable or increases, its value may appreciate accordingly.

Was this helpful?

53
49
isabella_taylor_activist isabella_taylor_activist Fri Dec 27 2024
This scarcity mirrors the attributes of precious metals like gold, offering a digital form of "hard currency."

Was this helpful?

172
33

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts