Halving Priced In or Not, Bitcoin’s Trajectory Bullish for 2020: Exec

In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be cut in half in layman’s terms.

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The halving mechanism, should it be kept in the code in the decades to come, will ensure that there will only be 21 million Bitcoin in existence. Ever. This ties into Satoshi Nakamoto’s seeming obsession with creating a scarce, hard form of money that is unlike fiat money, which can be printed without limits.

Despite this characteristic, not everyone is convinced that the halving will have a positive effect on BTC, claiming that it won’t affect the market in any notable way or that the event is already “priced in.”

Analysts Divided on Bitcoin Halving

Jason Williams, co-founder at digital asset fund…