On May 11, Bitcoin will experience its third halving (or halvening, as it’s also called). The halving is a 50% decrease in the production of new bitcoin. Halvings make new bitcoin more scarce, and history has shown that scarcity can impact demand — and price. Watch this video for a more detailed look into the halving and why it’s an important aspect of making Bitcoin scarce, desirable, and resistant to inflation.
Read more about the halving and how Bitcoin is like digital gold here: https://blog.coinbase.com/digital-gold-scarcity-and-bitcoin-halvings-1d6cc16f3e8d
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