What is The Bitcoin (BTC) Halving and the Bullish Speculation Around it?

What is The Bitcoin (BTC) Halving and the Bullish Speculation Around it?
The Bitcoin (BTC) Halving is being speculated as extremely Bullish for the Bitcoin Price. A halving happens every four years. From an economic standpoint, the Bitcoin halving is a bullish event because it significantly reduces the inflation rate of the asset that has a fixed supply of 21 million, thus increasing its scarcity, and inherently, its price.

The third halving will drop BTC’s annual issuance rate from 3.70 percent down to 1.79 percent, which is lower than the inflation rate of some wealthy nations. For instance, the inflation rate in the US is 1.90 percent.

Bitcoin Halving
Article first read on, Curated Cryptocurrency News.

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Piiggy

Written by Piiggy Bank

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