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Bitcoin's Next Halving: What to Expect The Bitcoin halving is one of the most anticipated events in the cryptocurrency world, a phenomenon hardcoded into Bitcoin's protocol from its inception by its pseudonymous creator, Satoshi Nakamoto. Occurring roughly every four years, this event cuts the reward miners receive for validating transactions and adding new blocks to the blockchain by half. It is a critical component of Bitcoin's monetary policy, designed to control the supply of new bitcoins entering circulation and ultimately leading to a fixed maximum supp