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April 22, 2024

Bitcoin's next ‘halving' has arrived. Here's what you need to know

  • As with everything in the cryptoverse, the future is hard to predict.
    • By WYATTE GRANTHAM-PHILIPS
    AP Business Writer

    iStock image
    Limited supply is one of bitcoin’s key features. Only 21 million bitcoins will ever exist, and more than 19.5 million of them have already been mined, leaving fewer than 1.5 million left to pull from.

    NEW YORK — Sometime in the next few days or even hours, the “miners” who chisel bitcoins out of complex mathematics are going to take a 50% pay cut — effectively slicing new production of the world's largest cryptocurrency in half.


     
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