In less than six months\u2019 time, Bitcoin will see an extremely important event. Known as a \u201chalving\u201d or \u201chalvening,\u201d the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC\u2019s inflation rate will be cut in half in layman\u2019s terms.<\/p>\n
The halving mechanism, should it be kept in the code in the decades to come, will ensure that there will only be 21 million Bitcoin<\/a> in existence. Ever. This ties into Satoshi Nakamoto\u2019s seeming obsession with creating a scarce, hard form of money that is unlike fiat money, which can be printed without limits.<\/p>\n Despite this characteristic, not everyone is convinced that the halving will have a positive effect on BTC,<\/a> claiming that it won’t affect the market in any notable way or that the event is already “priced in.”<\/p>\n Jason Williams, co-founder at digital asset fund Morgan Creek Digital, for instance, said<\/a>\u00a0at the turn of the month that one of his unpopular opinions is that \u201cBitcoin halving in May 2020 won\u2019t do anything to the price. It will be a non-event.\u201d This assertion comes in the wake of a strong downturn in the cryptocurrency markets, which has thrown cold water on a lot of the bullish sentiment and narratives being pushed earlier this year.<\/p>\n Unpopular Opinion – <\/p>\n Bitcoin halving in May 2020 won\u2019t do anything to the price. It will be a non-event.<\/p>\n — Jason A. Williams (@GoingParabolic) December 1, 2019<\/a><\/p><\/blockquote>\nAnalysts Divided on Bitcoin Halving<\/h2>\n
\n