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Thursday, May 2, 2024

Bangkok Post – Bitcoin”s “halving”: what is it and does it matter?

A novelty Bitcoin token during the NFT.NYC 2024 conference in New York, the United States, on April 3, 2024. (Photo: Bloomberg)

LONDON – Bitcoin’s long-anticipated ‘halving’ is, depending on where you sit, a vital event that will burnish the cryptocurrency’s value as an increasingly scarce commodity, or little more than a technical change talked up by speculators to inflate its price. The halving comes after bitcoin hit an all-time high of US$73,803.25 in March.

But what exactly is the halving, and does it really matter?

What is it? 

The halving, which happens roughly every four years, the latest of which is expected…

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