"The Bitcoin halving comes every 4 years after every 210,000 blocks have been mined which cuts the rate of new circulation of bitcoin every four years as the Bitcoin ecosystem works on “Proof Of Work” which rewards miners after making a successful transaction.
The circulation of BTC further continues till 2140, till that the circulation all over the market will be 21 million Bitcoins. Miners will be rewarded with fees at that time, which users will pay, for processing transactions. These fees guarantee that miners have an incentive to mine and keep the network operating. In 2013, Bitcoin’s first halving took place on Nov 28 which make a rise in Bitcoin from $12 to $1217 making the first all-time high on 28 November 2013. The Second Halving of the Bitcoin network happen on 9 July 2016 at that time the price of bitcoin was $647 and increased to $19800 around the next year.
This shows us that whenever halving comes in Bitcoin the price increases and makes a new all-time high. The most recent Bitcoin halving took place on 11 May 2020. At that time, a bitcoin was worth $8,787. On 14 April 2021, the price of a Bitcoin rose to $64,507 (a 634 percent increase from its pre-halving value). A month later, on 11 May 2021, a bitcoin was valued at $54,276, which represented a 517% increase that is more compatible with the halving of 2016. This makes it more interesting for all investors and whales to buy Bitcoin at low prices and wait for the next halving in the BTC network and which will make a new all-time high after surpassing the $64000 level as bitcoin is becoming more popular all over the world.
As the bitcoin halving is upgrading the blockchain on which bitcoin ecosystems work, There are projects which also work on blockchain one of which is ELITE is a token, based on Polygon blockchain, was minted with a maximum supply of 4.4 billion tokens and can be traded on centralized and decentralized exchanges, Blockchain technology also reward you $Elite which is the official token of Eli Mobile. "
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source https://www.reddit.com/r/btc/comments/veoae2/is_next_bitcoin_halving_going_to_make_new_alltime/
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