What is Bitcoin halving?

From the creator

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. For more info, please go to https://globalnews.ca/news/10434672/bitcoin-halving-price-explainer/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #bitcoin #cryptocurrency #finance

Published 2024-04-19 · Watch on YouTube ↗
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