As part of Bitcoin’s coin issuance, miners are rewarded a certain amount of bitcoins whenever a block is produced. When Bitcoin first started, 50 BTC per block were given as a reward to miners, approximately every 4 years the block reward halves and will keep on halving until the block reward per block becomes 0 approximately by year 2140
Some people believe that the halving is already priced in by the market but others believe that due to price equilibrium, a halving of supply should cause an increase in price.
Interest for the currency have reached a new all time time high in light of the event and although past performance is not an indicator of future results BTC has surged massively in price after the past Two halvenings and it could happen again.
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