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▲ Bitcoin (BTC) ©CoinReaders
Bitcoin (BTC) has successfully reached the halfway point on its journey to the next halving, once again imprinting the long-term scarcity value across virtual assets, including XRP (Ripple), onto the market.
According to the cryptocurrency specialized media Bitcoinist on April 22 (local time), the Bitcoin network recently surpassed its 945,000th block, well over halfway through the 210,000-block journey towards the fifth halving scheduled for 2028.
Based on NiceHash data, the current block height is passing the 946,000 mark, and the next halving will occur at the 1,050,000th block. This mechanism, designed by Satoshi Nakamoto, is a core device that curbs inflation and preserves asset value by precisely halving the block subsidy given to miners approximately every four years.
The block subsidy, which started at 50 units at launch, has decreased to 3.125 units after four halvings, and is expected to be further reduced to 1.5625 units around November 2028. This reduction in rewards will continue until the total supply reaches 21 million units, at which point the issuance of new tokens will cease entirely.
This fixed supply limit and continuously decreasing rewards pose structural survival challenges for miners. The mining industry, which currently relies on block subsidies for most of its income, faces a situation where it must depend on long-term price increases or a significant rise in on-chain transaction fees to defend the network's profitability.
Amidst the confluence of miners' survival strategies and the strengthening fundamentals of the asset, and the crossing expectations of investors, Bitcoin was trading around $75,980 at the time of writing, having risen more than 2% over the past 7 days.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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