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Every halving reduces the amount of new Bitcoins injected into circulation in the form of miners’ block rewards. Today, after the halving these rewards were slashed from 6.25 BTC to 3.125 BTC and they will remain at that level for the next four years until the fifth halving takes place. On this critical aspect of the halving Mow also commented by posting a tweet, which said: “Whatever Bitcoin you owned before this moment , is now twice as hard for miners to procure for the market.”
The Jan3 boss also commented on Bitcoin continuing to surpass its physical rival gold which was been considered a store of value by the majority before Satoshi Nakamoto came up with BTC. Many traditional financiers still prefer gold, and many, like the author of the famous book on finance management “Rich Dad Poor Dad”Mow tweeted that after the halving, Bitcoin’s inflation rate will drop to 0.9% whereas this metric for gold will remain at 1.4%.
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Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »