An overview of the Bitcoin network and an explanation of bitcoin halving was recently provided in an article authored by Luke Conway on Investopedia.com titled ‘Bitcoin Halving’. Among other highlights, the article details how halvings decrease the rate at which new coins are created, which lowers the available supply. “This is the third halving, so we now have two examples to look back on,” stated Jonathan Keim, communications director of CryptoCurrencyWire. “In both cases, the price per bitcoin increased substantially after the supply was cut, but not right away. In fact, it took about a year in both cases for a new peak to be established in the price chart. Investors who are looking to benefit from the next major potential upswing will likely need to exercise some patience based on the previous examples.”
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