Bitcoin's 'Halving' is about to shake Crypto-currency markets

.Bitcoin’s “halving” Means; It will cut creation of the crypto-currency by 50 percent.

A cryptocurrency is any form of money that exists online and operates without a central bank. Bitcoin is one of several such currencies.

No one person or group is in control of this halving process. It is a rule written into bitcoin’s computer program.

The event is expected in May, 2020. It would cut by 50 percent the number of new bitcoins given to bitcoin miners. These miners create the world’s supply of crypto-currency by solving complex mathematical questions.

Bitcoin market players are predicting sharp price increases as well as sharp drops in the value of the crypto-currency. Such moves have happened in earlier halvings, which take place about every four years. The point of a halving is to keep down the number of bitcoins and control inflation.

Bitcoin’s future value is decided by technology and not, some say, by the rules of economics. The rules of economics say that if supply is cut and demand stays the same, prices rise. Since the cut in supply is expected, the price may slowly rise or fall before the cut is made.

Bitcoin miners receive a set number of bitcoin, currently 12.5. The next halving will take place in May, when the number will drop to 6.25.

The two past halvings took place in November 2012 and July 2016. In the one year periods that followed, bitcoin’s value rose close to 80 times in 2012 and four times in 2016.

Please note that, I am a fan of crypto-currency and the above mentioned article is for information purpose only for the crypto fan, who might get benefit from it

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