Bitcoin’s price halving day, which is a key event in the cryptocurrency world, is a periodic phenomenon that reduces the rewards miners receive for validating transactions on the blockchain. This process happens approximately every four years and is designed to control the supply of bitcoins. The most recent halving took place in May 2020, with many speculating on how it would impact the price of the digital currency. Some believe that the reduced supply of newly minted bitcoins will drive up the price, while others argue that the event is already priced into the market. Regardless of the outcome, the halving day serves as a reminder of the unique economic principles that govern the world of cryptocurrencies.
Source: gizmodo.com
