What is Bitcoin halving?

Cryptocurrency enthusiasts are watching Bitcoin closely as the long-anticipated "halving" unfolds this week.

The halving comes after Bitcoin hit an all-time high of US$73,803.25 in March.

Bitcoin was designed from its inception by its pseudonymous creator Satoshi Nakamoto to have a capped supply of 21 million tokens. Nakamoto wrote the halving into Bitcoin’s code to reduce the rate at which new bitcoin are released into circulation.

As Global's Anne Gaviola explains, some see this as a vital event that will solidify Bitcoin’s value as an increasingly scarce commodity, while others see it as little more than a technical change talked up by speculators to inflate its price.

#GlobalNews #bitcoin #cryptocurrency #finance

[MilitaryUnitedarmy]

Thank you for the educational I think it is more likely that BTC and ETH will retest resistance up and then fall. However, as always, everything changes from day to day and all we can do is trade responsibly, monitor the markets and re-evaluate our strategies often. I want to thank Ray F Johnson for being my source of crypto education as I comfortably earn 15.7

[LorinHouchin]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kimberly Smith

[Howardjensen]

BTC can disregard techincals when in a bull, did that in 2020 when it crossed previous ATH... stayed there a few weeks and continued pumping like crazy to 60k. Also, there is one constant... when around 90 on monthly RSI, the end is near. And don't expect crazy price targets of 500k... expect around 100k at most and be happy if there's more after that. If you believe big boys and CEO's of big invesment firms saying targets like 1M this cycle.. you deserve to be their exit liquidity..It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3B'tc to a decent 21B'tc in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[blackdice]

I think people need to realize all their money is controlled by the government, and bitcoin is a hedge to that since its decentralized. Not saying go all in, but having a 5% allocation isn't a bad investment.

[thetickerguy]

A spot bitcoin ETF invests directly in bitcoins as the underlying asset. The financial institutions behind them are looking to make money, not to lose money. Because of this, in the long-term, bitcoin will go up. Also, keep in mind that the production of bitcoin is finite. It is not like government created currency that is created in more volume during difficult economic times. That would indicate that this cryptocurrency is actually anti-inflationary in nature and that it is a good store of value.

[JesusRamirez-lhst]

The anticipation for Block Sailor's eruption is electrifying!

[joseantonioacevesgarcia]

The $10 milestone for Block Sailor Token is alluring. It's time to look at the dynamics of the market.

[normavianetharmentamoreno]

Block Sailor's eruption is about to send shockwaves through the industry!

[marialuisaocampo]

Get ready for Block Sailor Token's explosion; it's going to be epic!

[पूजारैकवार-लछ]

Web3 Infinity INFTY3 is gonna explode anytime soon