Bitcoin is Quantitatively Tightening

from Zero Hedge

Authored by Peter Earle via The American Institute for Economic Research,

On May 2020, bitcoin (BTC) will see its next halving: the reduction of the reward for successfully mining a block. The Nakamoto white paper specifies that every 210,000 blocks, the reward for successfully mining a block is cut by half. But while these halvings occur roughly every four years (with the estimated reward dropping to one Satoshi on or around the year 2140), the Bitcoin Halvening of 2020 is particularly momentous.

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