Bitcoin’s third quadrennial halving just occurred. Bitcoin block reward decreased from 12.5 to 6.25 coins. The most important thing about this halving is that Bitcoin’s expansion rate is now below most central banks’ inflation target of 2% for the first time. The second most important thing is there will be 3 billion US dollars less in sell pressure each year. Lastly, the price impact of this halving will play out over 1 – 1.5 years.
