Time until the next Bitcoin halving event!
The Bitcoin halving is an event that occurs approximately every four years, or every 210,000 blocks, where the reward for mining a new block is cut in half. This reduces the rate at which new bitcoins are created, slowing the supply of Bitcoin entering circulation.
The halving is a key part of Bitcoin’s design to ensure its scarcity. With a fixed total supply of 21 million bitcoins, halving events help control inflation and mimic the scarcity of precious metals like gold. Historically, halvings have been associated with significant price increases due to reduced supply growth, though past performance doesn’t guarantee future results.