How Bitcoin’s ‘halving’ can burnish its value as a scarce commodity

Bitcoin’s long-anticipated ‘halving’ is, depending on where you sit, a vital event that will burnish the cryptocurrency’s value as an increasingly scarce commodity, or little more than a technical change talked up by speculators to inflate its price.

The halving comes after bitcoin hit an all-time high of $73,803.25 in March.

But what exactly is the halving, and does it really matter?

What is it?

The halving, which happens roughly every four years, the latest of which is expected this week, is a change in bitcoin’s underlying blockchain technology designed to reduce the rate at which new bitcoins are created.