Upcoming 2024 Bitcoin halving will be a closely

The current block reward of 6.25 BTC per block mined will decrease to 3.125 BTC

Bitcoin halvings take place approximately every 4 years, or more precisely

every 210,000 blocks

Halvings are programmed into Bitcoin's code and will continue occurring until around the year 2140

when the maximum supply of 21 million BTC is reached

Bitcoin halvings have been associated with increases in Bitcoin's price

both leading up to and following the halving events

The reduction in new BTC supply is seen as a catalyst for price appreciation

assuming demand remains constant or increases