#Bitcoin operates on a four-year cycle known as the "halving cycle." Approximately every four years, the number of bitcoins produced per block halves, leading to a reduction in the rate of new bitcoin issuance. This event is called the "halving."
It occurs roughly every 210,000 blocks. The halving is designed to control the supply of bitcoins and ensure scarcity over time, mimicking the behavior of precious metals like #gold.
This reduction in new supply often correlates with increased demand, driving up the price of bitcoin in what's often referred to as a "bull market" cycle. #diamondHands