The Bitcoin halving takes place roughly every four years, and the technical event cuts the reward pays out to miners for validating blocks of transactions. This creates a scarcity effect that could drive up the price of the cryptocurrency, while cutting miners’ revenue, meaning more efficient miners perform better post-halving. Watch the video above to learn more about what the halving means for both crypto markets, and for the bitcoin miners validating transactions on the network.
Chapters:
0:00 - Bitcoin halving
0:36 - Market impact
4:45 - Mining impact
Hosted by: Mackenzie Sigalos
Produced by: Talia Kaplan, Tanaya Macheel, Jordan Smith
Edited by: Kaan Oguz, Jordan Smith
Supervising Producer: Jeff Morganteen
Graphics by: Katie Evans
Additional footage: Getty Images
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Crypto World: The Bitcoin Halving Is Set To Shake Up The Crypto’s Price And The Network’s Miners
