Course 1: BitcoinAlmost There!

Key factors influence its price

3. Halving Rewards
When talking about Bitcoin price, there are memorable milestones that relate to the coin’s price movements. Halving is one such event that occurs every four years and has a lot to do with Bitcoin’s supply and demand.
Bitcoin supply is capped at 21M, which means only 21M Bitcoin will ever be mined and circulated in the market. This limited supply means scarcity. So every four years, mined Bitcoin blocks are programmed to be cut in half to maintain this scarcity, and historically, this has pushed prices up. More on this in the next lesson!
The number of Bitcoin generated per block is reduced by 50% every four years. Bitcoin’s final halving will happen in the year 2140.
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