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Bitcoin Halving 2024: Everything you need to know
April 9 @ 16:30 - 17:30
The bitcoin halving is when the reward for bitcoin mining is cut in half and takes place every 210 000 blocks or approximately every four years. This decrease in the amount of bitcoin issuance means that the price will increase if demand remains the same. The 2024 halving is expected on April 20,2024 after block 740 000 has been mined and it will reduce the block reward from 6.25 BTC to 3.125 BTC. The economic effects of the bitcoin halving are quite significant, it impacts the profitability of miners and is correlated with exponential increases in the Bitcoin price. In this presentation John Singh will provide the audience with a precise technical explanation of the bitcoin halving and how it is designed into the software. He will then discuss the impact on supply and demand, the profitability of miners and the bitcoin price action. The cyclical correlation between the halving event and major macro events such as interest rates and elections will also be discussed so the audience can get a full understanding from a crypto perspective and also in terms of the broader financial landscape.
Speaker: John Singh
John Singh is a Senior Systems Analyst at the Spar Group LTD and has been involved in software design and development for over 20 years. He is also currently a non-executive director of the IITPSA and the chairman of the Audit and Risk committee. In 2019 he started an IITPSA Blockchain SIG because he is passionate about presenting Blockchain in a simple and understandable way so that individuals can make better decisions on how they wish to use the technology.
Attendance is free of charge. Earn CPD points. Please register HERE
