On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon discusses the impact of this month's bitcoin halving event.
The Bitcoin halving, occurring approximately every four years, involves a reduction in the number of bitcoins rewarded to miners, creating scarcity and potentially impacting the cryptocurrency's price.
With the block reward dropping from 6.25 to 3.125 BTC per block, investors are anticipating how the market will respond.
Past halving events have often preceded significant price increases, highlighting the fundamental principles of scarcity and decentralisation inherent in bitcoin.
But, while the halving presents opportunities for investors, it's essential to approach bitcoin investment with caution, given its inherent volatility and unpredictable nature.