By Adam Sharp The bitcoin halving is scheduled to occur in May 2020. Halvings happen about every four years, and each time, the amount of new bitcoin being mined is cut in half.
After this next halving, the reward for successfully mining a block will be reduced from 12.5 coins to 6.25 coins.
The “inflation rate” (percentage of new coins coming into the market) will go from 3.7% to 1.8%. That’s a big decrease in new supply.
In the past, halvings have been extremely bullish for bitcoin prices.
At the time of the first halving in 2012, bitcoin was trading around $15. It would reach a high …read more
