Bitcoin (BTC-USD) has dropped over 10% within the past 5 days in anticipation for the “halving” of bitcoin. Halving is when the reward for bitcoin mining is cut in half to reduce the amount of coins in circulation. It happens about every 4 years.
Yahoo Finance’s Bradley Smith breaks down what bitcoin halving means and what investors need to keep in mind as it starts.
For more expert insight and the latest market action, click here to watch this full episode.
This post was written by Nicholas Jacobino
