Sphere 3D Corp. (ANY): “Bitcoin block rewards decrease over tim...

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Wednesday, 10/26/2022 7:21:51 AM

Wednesday, October 26, 2022 7:21:51 AM

“Bitcoin block rewards decrease over time. Every 210,000 blocks, or about once every four years, the number of bitcoin received from each block reward is halved to gradually reduce the number of bitcoin entering the space over time. As of 2021, miners receive 6.25 bitcoins each time they mine a new block. The next bitcoin halving is expected to occur in 2024 and will see bitcoin block rewards drop to 3.125 bitcoins per block. As the supply of new bitcoin entering the market gets smaller, it will make buying bitcoin more competitive – assuming demand for bitcoin remains high.“

https://www.coindesk.com/price/bitcoin/

my posts are always theory and not financial advice

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