RATE Group | Early Bitcoin Adopter Throws Cold Water On Halving Narrative; Here’s Why
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Early Bitcoin Adopter Throws Cold Water On Halving Narrative; Here’s Why

27 Dec Early Bitcoin Adopter Throws Cold Water On Halving Narrative; Here’s Why

Posted at 05:25h in Cryptocurrency News by

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As NewsBTC has covered over the past few weeks, a debate has erupted around Bitcoin’s impending block reward reduction. Informally known as the “halving” or the “halvening,” every four years the number of BTC issued per block (every 10 minutes or so) gets cut in half, resulting in a negative supply shock on the market.

Analysts are currently divided over whether or not it will affect the underlying BTC price in a positive way — we just published another report on why the halving isn’t priced in from a derivatives perspective.

While bulls have a good argument due to the Stock to Flow model popularized by pseudonymous quantitative analyst PlanB, a prominent early Bitcoin adopter recently came out in the side of bears, arguing that the halving will not help BTC investors.

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