Bitcoin halving is likely this week — here's what you need to know [MSNBC.com]
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Source: MSNBC.com
Key PointsIn this articleThis technical event, written in bitcoin's code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half. This reduces the pace at which new bitcoins enter the market.Since there will ever only be 21 million bitcoins, the halving serves to create more scarcity.Bitcoin has already hit a new record high, before the halving has taken place. That's because the approval of spot bitcoin exchange-trade funds has excited the market and brought in lots of demand for the cryptocurrency.In the latest episode of CNBC Tech's"Beyond the Valley"If you have any thoughts on this or previous episodes, please email us atbeyondthevalley@cnbc.comYou can subscribe to "Beyond the Valley" by clicking the links below to your chosen platform:Apple PodcastGoogle SpotifyHere is a transcript of the episode of "Beyond the Valley" released on Apr. 11, 2024. It has been edited for clarity.Tom ChittyThe halving will soon be upon us, not some mediev
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