Can Halving create new Bitcoin millionaires?

• The two past halving events resulted in massive gains and even created new Bitcoin millionaires around the world.
• Experts say that the upcoming halving could see Bitcoin grind to new all-time highs.

Bitcoin is less than three weeks to its third halving since it was incepted in 2009. Halving is a rule integrated in Bitcoin code that ensures that mining rewards are slashed by half every four years. This ensures that the network controls inflation while at the same time, preparing Bitcoin to hit the 21 million coin maximum supply.

As this years’ halving approaches, investors and cryptocurrency enthusiasts are seating on the edge with bated breaths in anticipation of possible pre and post-halving rallies. According to Michael Dubrovsky, co-founder at PoWx, a crypto mining firm, in theory “there will be less Bitcoin available to buy if miners have less to sell.”

Consequently, the reduction in mining reward will see to it the number of Bitcoins coming into…