What is Bitcoin Halving?
Bitcoin Halving happens when precisely 210 000 blocks are produced (aprox every 4 years)
The reward which miners get is cut in half every time new 210 000 blocks are mined.
There are 21 million bitcoins in total and over 80% of that is already in circulation (mined).
Current reward = 12 BTC
After halving, reward will be 6.25 BTC

The way bitcoin mining works is very similar to how physical gold mining works which designed to keep the inflation rate stable and predictable.

Neither Gold nor bitcoins are unlimited.
It is simple supply/demand laws.

Scarcity usually creates demand, and pushes the prices higher.

So what should happen theoretically in the longer run?

Both gold and bitcoin are supposed to reach zero inflation rate at some point.

They are deflationary currencies (value increases in time).

That means as inflation rate decreases the prices for both should be going higher.


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