Effects of the Bitcoin halving are already apparent, and that’s huge for BTC’s bull caseBTC $9419 (-0.4%) • ETH $219 (+1.9%) • XRP $0.20 (+0.2%)
Just over two weeks ago, Bitcoin experienced its third block reward reduction. The “halving,” as the event has been branded, halves the rewards miners get for processing BTC transactions from 12.5 to 6.25 coins per block. As these rewards constitute the inflation of the cryptocurrency, a halving is notable: it decreases the inflation rate of the Bitcoin monetary base by half. This latest halving decreased that inflation rate from ~3.6 percent to ~1.7 percent. Importantly to the Bitcoin bull case, the effects of the halving are already having an effect on the underlying market.
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Effects of the Bitcoin halving are already apparent, and that’s huge for BTC’s bull case