Bitcoin traders are anticipating an event known as 'the halvening,' where the rewards to so-called bitcoin miners are cut in half.
Key Points
Currently, the number of bitcoins rewarded to miners stands at 12.5. By May 2020, the reward will be cut in half to 6.25 bitcoins. In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is displayed on April 03, 2019 in Paris, France.has been on a tear this year, rising almost 200% since the start of the year. There are multiple theories as to why, and one in particular is gaining traction.
Currently, the number of bitcoins miners are rewarded in stands at 12.5. The rewards are halved every few years to keep a lid on inflation. By May 2020, experts say, the reward per miner will be cut in half again, to 6.25 new bitcoins.
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