What Will Happen To Bitcoin In 2024. Bitcoin halving—or an event that roughly cuts in half rewards to bitcoin miners for successfully mining the cryptocurrency—is expected to take place in 2024. Despite miner revenue challenges in the short term, fundamental onchain activity and positive market structure updates make this halving different on a.
The exact date is difficult to predict as it depends on block height being reached, but it is estimated to happen. While it cuts the new bitcoin issuance rate and bitcoin miner rewards in half, its impact on price of bitcoin is still in question.
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