Essentially, the Halvening is when the block reward for the Bitcoin miners will be reduced and for the first time, the amount of new Bitcoin being introduced into the circulating supply each year will be below Two percent, the rate of inflation for many countries. This further increases its value against traditional fiat currency.
We have seen a number of people on social media, crypto related forums, and social bookmarking sites commenting on this with this thread and this thread being posted on Reddit last night alone. The embed of one of the comments below from one of the threads gives a nice little explanation of what is actually happening.
The comment from Reddit embedded below also gives an indication of how previous halvenings have affected the price of Bitcoin. The halvening coupled with the factors covered in the previous paragram has me very excited about what will happen to the price and market cap of Bitcoin.
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