Bitcoin Halving

Next year there is a new date to watch for and its by the end of May.  Bitcoin  Halving is the term and here is what it mean according to Google and Forbes.

There will only ever be 21 million bitcoins in existence. This, by definition, makes it a deflationary asset, as opposed to an inflationary one. Every 10 minutes, a “block” of bitcoin transactions is solved by miners and added to the bitcoin blockchain.

Halvenings happen at intervals of 210,000 blocks, which is roughly once every four years. Bitcoin miners currently receive 12.5 BTC ($43K) each time they successfully mine a block. By the end of May 2020 (the next Halvening) they will instead earn just 6.25 BTC ($21.5K)

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