So, how does the Bitcoin community feel about the halving? The halving has always had a positive impact on Bitcoin, the community and the price. While many miners dislike a reduction in rewards, this is often balanced out by the rapid price increase that follows. Every time a halving happens, the Bitcoin price rockets to stratospheric new highs. While a sample set of two is hardly the final say in the matter, and anything can happen with Bitcoin, it’s probable that 2020’s halving will see Bitcoin reach a new and exciting all-time high price. While its name sounds like something out of The Hunger Games, the Bitcoin Halving is a well thought out and much-needed feature. It helps to maintain a stable price, limits the supply of new Bitcoins into the market, and provides a way to slow the introduction of new coins to protect the not yet mined supply from running out early on in Bitcoin’s life.
Many think the halving is a big deal, and a one worthy of celebration. This quadrennial event is the Olympics of the cryptocurrency world. Bitcoin was designed to be valuable and to support this, the specific rules were set. There will only ever be a specific number of Bitcoins in existence (21 million) and inflation is kept in check by slowing its distribution through the process of halving. It’s a significant milestone on the Bitcoin roadmap which will undoubtedly spark interest and speculation about its incredibly scarce asset.
Source: https://blog.kucoin.com/what-is-bitcoin-halving-procedure-and-predictions-sk-rd
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