and when? How halving event could affect the cryptocurrency's value

April will be first bitcoin halving event since 11 May 2020. Next halving event expected to be sometime in 2028The first Bitcoin 'halving' event in four years is expected to happen next week and will kickstart a new chapter for the world's biggest cryptocurrency and the scale at which it is mined.

In a bid to control the supply of new bitcoins, halving occurs when 210,000 blocks are mined, with the reward for successfully mining reduced by 50 per cent Bitcoin mining involves using a powerful computer to solve complex hash puzzles. The first user - or miner - to solve the puzzle is rewarded with bitcoin.

Peters says 'the most logical theory' is that by gradually reducing the amount of new coins entering circulation 'halving helps increase the value of the network over time'.

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