HODLing Bitcoin? Are you excited for the Bitcoin Halving?
By the time this post pays out, Bitcoin would have underwent it's third ever halving event. We here at @coingecko are very excited of this event as to what it would mean for the crypto space as a whole.
As you may know, a halving event is when the emission rate of a PoW coin gets reduced by 50%. In the case of bitcoin, this is to ease the bitcoin network into an eventual fully-fee based financial system.
What to expect?
Practically speaking, not much. Those who are directly affected would be the miners and mining pools, whom will see a direct reduction of bitcoin mined as the network reaches halving block. On the other hand, historically we have seen that halving events are followed by tumultuous price swings as the market readjusts to bitcoin's new inflation rate. Will this happen again in 7 days? This is where you may have been aware of the "Priced In" meme circulating around various crypto-circles.
What you think of Bitcoin Halving?
Come join us in our second ever virtual meetup as we talk with experts in the field about the ramifications of the Bitcoin halving.
