Tuesday, July 7, 2020

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The Bitcoin halving coming up in May is a key aspect of This is a scheduled occurrence that takes place roughly every four years where the number of new Bitcoin generated around every ten minutes is cut in half. Instead of 12.5 Bitcoin being included as a subsidy for miners in every block, 6.25 Bitcoin will now be generated instead.

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Opinions are split in terms of thoughts on how this event will affect the Bitcoin price and whether it’s already priced into the market. Either way, it should be noted that the only two previous halvings in Bitcoin’s history led to significant appreciations in the crypto asset’s price in the months that followed.

Bitcoin has been referred to as digital gold f

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or a number of years, but 2019 was the year when that meme became much more realistic,

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The digital gold use case is often referred to as Bitcoin’s core value proposition, so a closer correlation with physical gold could indicate a greater level of understanding and acceptance of this point from market participants. Additionally, the introduction of central bank-issued digital currencies


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