Today Bitcoin (BTC) is Halving For a Third Time in Its History
The block reward halving for the crypto currency Bitcoin (BTC) is an event that happens every 4 years and a bit later today we are expecting the third halving to occur. Bitcoin started with a block reward of 50 BTC coins, then after 4 years it has been reduced for 25 BTC, then another four years and it was down to 12.5 BTC (the current block reward). Today, in a couple of hours, the block reward will be further cut in half when the halving happens – from 12.5 BTC at the moment down to 6.25 BTC. This will further reduce the mining of new coins in half and will also affect the inflation effectively reducing it along with the block reward. With every halving event there is speculation regarding the price of Bitcoin before and after the halving occurs, so it is hard to predict how it will swing up or down. One thing is certain however – reduced coin emission and inflation should in long term lead to price growth if user interest and adoption of BTC continues to increase over time. Short term there could be fluctuations in the price before and after the halving, and this can be a good opportunity for traders. If you are just a miner you may continue to HODL and see what happens after the halving, or maybe not… it is up to you to decide. It is also interesting to see how will other crypto projects be affected after the BTC halving and if we are up to get started on another altcoin season… or not.
OhNoCrypto
via https://www.ohnocrypto.com
admin, Khareem Sudlow
