Bitcoin's latest 'halving' has arrived. Here's what you need to know
Bitcoin's latest «halving» occurred Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907.
Now, all eyes are on what will happen down the road. Beyond bitcoin's long-term price behavior, which relies heavily on other market conditions, experts point to potential impacts on the day-to-day operations of the asset's miners themselves. But, as with everything in the volatile cryptoverse, the future is hard to predict.
Here's what you need to know.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details» WHAT IS BITCOIN HALVING AND WHY DOES IT MATTER? Bitcoin «halving,» a preprogrammed event that occurs roughly every four years, impacts the production of bitcoin. Miners use farms of noisy, specialized computers to solve convoluted math puzzles; and when they complete one, they get a fixed number of bitcoins as a reward.
Halving does exactly what it sounds like — it cuts that fixed income in half. And when the mining reward falls, so does the number of new bitcoins entering the market. That means the supply of coins available to satisfy demand grows
