The Countdown to Bitcoin's Halving Is On. Here's What to Know [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
I f you've talked to anyone invested in bitcoin lately, there's a good chance you've heard about the halving. Some crypto enthusiasts intone the halving like a religious event with near mystical importance: They believe its mechanics are crucial to bitcoin's continuing price surge. However, detractors claim that the halving is closer to a marketing gimmick. The halving is expected to take place on April 19 or 20, depending on the current rate at which bitcoins are created. So, what is it, exactly? And is it hard-coded genius, or smoke and mirrors? What is the bitcoin halving? The halving goes all the way back to bitcoin's origin story, born in the ashes of the 2008 financial crash. The cryptocurrency's creator—who went by Satoshi Nakamoto, but whose real identity remains unknown—invented bitcoin the following year, and dreamed of creating an international currency that would operate outside the control of governments or central banks. Crucially, Satoshi wrote that there would o
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