Bitcoin Halving

As of writing this post, the Bitcoin network is approximately 177 days away from halving the mining reward. This is fundamentally important to the underlying value of Bitcoin.

We know by design of the bitcoin protocol that every ~4 years the bitcoin network will reward the miners half as much as they previously did. In a way this promotes increases in price because it inherently is less scarce.

The best thing about this is that we know for certain that the rate of new bitcoins being created will slow down over time. This is just simply not true, even for precious metals which have still done an amazing job in preserving purchasing power.

As the Bitcoin halving approaches I suspect we'll see increases in FOMO and even in the months after the halving event takes place.

This is not financial advice but merely my opinion and perspective.