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Forbes Advisor has provided this content for educational reasons only and not to help you decide whether or not to invest in cryptocurrency. Should you decide to invest in cryptocurrency or in any other investment, you should always obtain appropriate financial advice and only invest what you can afford to lose.
The highly-trailled Bitcoin halving event has come and gone, quietly marking a historic moment in the world of digital assets.
On 20 April 2024, the block reward for miners was reduced by half, but you wouldn’t know it from the lack of fanfare. No bells were rung, no fireworks lit up the sky, and the price of Bitcoin remained relatively stable. However, just because the quadrennial event passed without much immediate impact on general investors and markets doesn’t mean the Bitcoin halving was a non-event. Far from it.
In fact, the halving has significant implications for Bitcoin miners, traders, and investors. As the rate at which new bitcoins enter circulation is cut…
