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POD99Author: Wealth99
POD99 is a podcast by Wealth99 that helps the 99% unlock new wealth opportunities and take control of their financial future. Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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200 Days until the Bitcoin Halving
Sunday, 20 August, 2023
In this episode of POD99 Andy discusses two key narratives related to Bitcoin: the upcoming Bitcoin halving and the potential approval of BlackRock's Bitcoin Spot ETF. What is the Halving? Bitcoin is a decentralized digital currency that enables instant payments to anyone, with no central authority. The Bitcoin network is secured by miners. Miners are specialized computers that use a consensus mechanism called "proof of work" to verify each block of Bitcoin transactions. Miners are rewarded for their work with newly-created bitcoins. This is called the block reward. This is how new bitcoins are released into the system. A new block of transactions is added to the Bitcoin blockchain approximately every ten minutes. The miner that verifies each block receives the block reward. The current block reward is 6.25 bitcoins per block. The number of new bitcoins that are created via the block reward is reduced by half every four years. This is known as the Bitcoin Halving. The next halving will be the Fourth Bitcoin Halving. This is when the current block reward of 6.25 bitcoins will reduce by half to 3.125 bitcoins. The next halving will occur in March or April 2024. As we get closer to this date, media attention will focus on the halving as in the past, the halving has marked the beginning of a new Bitcoin bull run. BackRock's Bitcoin ETF Meanwhile, BlackRock, the world's largest asset manager has filed for a Bitcoin Spot ETF. If the SEC approves this, it would open the floodgates for U.S. investors and give them an easy way to invest in Bitcoin. Andy looks at expert commentary that suggests it is a matter of "when, not if" for approval of BlackRock's ETF. https://www.wealth99.com/podcast https://www.youtube.com/@wealth99global/videos
