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Bitcoin halving explained
By FinancialVeracity  •  May 6, 2020

The creator of bitcoin created a rule: for every 210,000 blocks, rewards are reduced by 50% (half). Rewards are what Bitcoin miners earn and blocks are what they mine. The next block halving ETA is at 11 May 2020.

History of halving – Occurs close to every 4 years

2012 | 25 BTC 2016 | 12.5 BTC 2020 | 6.25 BTC ….. go on until rewards before 0 (projected year 2140)

 

Why halving bitcoin is necessary?

To control supply of coins and to prevent inflation and debasement in value.

 

Will Bitcoin price goes up?

Based on economic theory, it should go up based on the limited supply of BTC (21 million). What happen during the last halving was that price didn’t rally much when it happen but only 3-6 months after.

 

Would we see the same thing?

Logically yes, but we are in a different

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By FinancialVeracity
24 and on a constant lookout to improve my financial literacy in order to achieve “Financial Independence”. The sole purpose of writing this blog is to give whatever little financial knowledge I have to everyone.
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