Expected blocks mined over the next year times average reward per block divided by circulating supply. is the method of calculating the inflation rate of BTC , In comparison to Gold which could suddenly have a mine have less than expected (google sons of Gwalia). or have a new supply found or become economic to mine .
Thereward is halved → half the inflation → lower available supply →higher demand → higher price → miners' incentive still remains,regardless of smaller rewards, as the value of Bitcoin is increasedin the process
WhatHappens When Bitcoin Halves?
The term "halving" as it relates to Bitcoin has to do with how many Bitcoin tokens are found in a newly created block. Back in 2009, when Bitcoin launched, each block contained 50 BTC, but this amount was set to be reduced by 50% roughly every four years. Today, there have been three halving events, and a block now only contains 6.25 BTC. When the next halving occurs, a block will only contain 3.125 BTC.
WhenHave the Halvings Occurred?
The first Bitcoin halvingoccurred on Nov. 28, 2012, after a total of 10,500,000 BTC had beenmined. The next occurred on July 9, 2016, and the latest was on May11, 2020. The next is expected to occur in early 2024.
