Bitcoin Halving 2024: How It Works and Why It Matters

Reviewed By Reviewed By Updated: Jan 4, 2024, 2:49pm The available supply of fiat currencies rises and falls under the watchful eyes of national central banks, but the total supply of is fixed and immutable. There will only ever be 21 million Bitcoin. Presently, more than 19 million Bitcoins have already been mined, leaving under 2 million left to be created. The Bitcoin protocol periodically reduces the number of new coins earned by miners in a process called halving. “One of the most important features of Bitcoin is its limited supply and issuance mechanism,” says Bruce Fenton, CEO of fintech company Chainstone Labs. Halving’s…