Bitcoin Halving Just Occured
Regarding a potential impact on the bitcoin price, consider that — assuming miners sell their mined bitcoins for dollars to pay for hardware and electricity — now only 6.25 BTC per 10 minutes will be sold into the market because of the halving. That’s a reduction in the amount of bitcoin sold into the market every 24 hours of roughly $8m.<p>I believe this is the theory behind expecting a price increase. Whether or not it materializes time will tell.