Online debate around the upcoming Bitcoin halving event is heating up.
The next halving event is expected to occur around May 4, 2024, when Bitcoin hits 840,000 blocks.
In the current era, which follows the third halving event on May 11, 2020, the miner receives a fee of 6.25 BTC for each Bitcoin block mined.
After the 19 millionth Bitcoin block, ‘730002,’ was mined on April 1, it became evident that just 2 million BTC remain out of the 21 million Bitcoin limit.
In the past, Bitcoin halving events have been followed by gradual and significant price rises over time, culminating within one and a half years.
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