Bitcoin halving event imminent!

Bitcoin halving event imminent

Bitcoin (BitfinexUSD) redounded after briefly dipping below $60,000 as many await its 'halving event' expecting imminently.

Halving events, which occur once every four years, cut the amount of bitcoin that is produced on the bitcoin blockchain, or network, by miners in half --- hence, ‘halving.’ 

Since its inception in 2009, there have been three halving events that have reduced the supply growth of bitcoin from a 25% rate to just under 2% currently.