(CNBC) The bitcoin “halving” is almost upon us. This technical event, written in bitcoin’s code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half. This reduces the pace at which new bitcoins enter the market. Since there will ever only be 21 million bitcoins, the halving serves to create more scarcity.
Bitcoin halving is likely this week — here’s what you need to know
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