Bitcoin halving

The Bitcoin halving is a preprogrammed event in the network that cuts the mining block reward in half and it happens every 210,000 blocks or roughly every four years. It is a clockwork ritual written into code that gradually slows the flow of new coins into the world and gives Bitcoin a deflationary backbone. Each halving makes newly issued coins rarer and that scarcity is central to why many people view Bitcoin as a digital store of value. The protocol caps total supply at 21 million coins so halvings continue until the last coin is mined, a distant event that the protocol points to around the year 2140. Miners secure the network by solving proof-of-work puzzles and they receive block rewards as compensation, which means their revenue depends on both reward size and market price. When the reward halves, miner revenue falls sharply unless the market price moves higher, and that dynamic can change miner behavior and the amount they sell to cover costs. Miners often sell newly mined coins to pay for hardware and energy and when rewards fall their routine selling pressure can shrink, which may reduce the supply entering markets. Historically, halvings have preceded multi-year bull trends in price but past outcomes do not guarantee future results. The halving is therefore both a technical throttle and a psychological event that drives speculation and reassessment of value. It ties together predictable issuance, scarcity, and market dynamics in a single mechanism and gives Bitcoin a managed inflation schedule that contrasts with the endless printing possible in fiat systems. Some observers liken this design to precious metals because scarcity can undergird value, while others focus on market structure and miner economics to forecast outcomes. The event also brings volatility because traders and miners react to both the immediate supply shock and the long-term narrative of scarcity. If you are new, understand that halving is not a magic price switch but a supply change that influences incentives and expectations, so do your research and consider risk when you act. In the hush after each halving the network keeps producing blocks as before and the protocol marches on, a cold cosmic metronome where science and human hope meet in the ledger of blocks.