What is the pattern behind Bitcoin's price fluctuations?
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Roy
2023-05-28 21:28
Answer list:：
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Chief
Bitcoin halving is the process where the reward for mining new Bitcoin blocks is halved, meaning that miners receive half the amount of Bitcoin they previously did for each block mined. This event occurs every 210,000 blocks (roughly every four years) and is programmed into the Bitcoin protocol. The purpose of the halving is to maintain the scarcity of Bitcoin as a finite resource and to control inflation. As the supply of new Bitcoin decreases, it is expected that the price will increase due to the increased scarcity and demand. However, there is no guarantee of this, and the price of Bitcoin is subject to market fluctuations and other factors.
Release time 2023 05 28
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Montgomery
Release time 2023 05 28