Every four years, the number of newly-minted bitcoins awarded to a miner for finding a block is cut in half. It currently sits at 12.5 bitcoins per block and, in about six months, that reward will drop to 6.25 bitcoins.
While these reward “halvings” happen in a predictable way, the market reaction to them is anything but predictable. Could miners be holding on to more of the coins they mine in anticipation of a
potential price increase after the halving?
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