I am pleased to announce that Bitcoin just completed its fourth and latest halving event—let me explain.
Every four years the Bitcoin ‘block reward’ given to miners for providing the expensive computing power that makes the Bitcoin network possible is cut in half.
The new block subsidy awarded to miners will be 3.125 Bitcoin per block mined. This represents built-in scarcity for the decentralized digital ledger.
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Because Bitcoin becomes harder to mine and more scarce as time goes on, it not only maintains its value but sees upward price momentum as a result.
Every time Bitcoin has experienced a halving event, the price has gone parabolic and set new all-time highs. However, this does not occur immediately as many would have you believe.
My analysis
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