Bitcoin halving is a critical event that is built into the cryptocurrency's protocol to strategically control the influx of new Bitcoin. Miners initially received 50 BTC per block, which enticed early adopters. The halving cycle, on the other hand, ensures a gradual reduction in the creation of new Bitcoin every 210,000 blocks, which occurs roughly every four years. Historically, Bitcoin's halving occurred in 2012, 2016, and 2020, each time significantly reducing the incentives for ...