Exploring the Bitcoin Halving
Every Leap Year, Bitcoin celebrates a significant milestone, known as the halving. This year will be Bitcoin’s fourth halving, when the number of new Bitcoin released to the network from 6.25 BTC every ~10 minutes to 3.125 BTC. While much of the media attention tends to focus on the price implications of the Halving, an equally important, but sometimes overlooked, aspect is what the event represents.
The Halving is irreversibly hard wired into how Bitcoin works – its “monetary policy” is set in stone within its code. We have absolute certainty of how many new Bitcoin will be created (on average) on any day in the future. For many, this certainty represents a key attraction of Bitcoin as opposed to fiat currencies issued by central banks around the world, where no such certainty exists.
While Bitcoin, and the digital asset market in general, remains a volatile asset class in which people invest at their own risk, BCB Group is proud to operate at the heart of the digital asset industry, supporting key service providers globally. We celebrate the Halving and what this represents for Bitcoin. We are proud to hold Bitcoin on our balance sheet, along with fiat currencies, as part of our wider group treasury management policy, evidence of our belief in the long term prospects for Bitcoin as a store of value.
From all of us at BCB Group, we wish Bitcoin a Happy Halving Day!
Explore the Impact and Benefits of Bitcoin is an article by Michael Leek which looks at how bitcoin played a big role in the genesis of BCB Group, and provides a comprehensive overview of the impact and benefits of Bitcoin.
Please note that this article is not financial advice and we strongly encourage everyone to consider their own financial situation and consult with a financial advisor before deciding whether Bitcoin suits their risk profile. BCB Group does not offer services to retail clients.
The information contained in this document should not be relied upon by investors or any other persons to make financial decisions. It is gathered from various sources and should not be construed as guidance. The information contained herein is for informational purposes only and should not be construed as an offer, solicitation of an offer, or an inducement to buy or sell digital assets or any equivalents or any security or investment product of any kind either generally or in any jurisdiction where the offer or sale is not permitted. The views expressed in this document about the markets, market participants and/or digital assets accurately reflect the views of BCB Group. While opinions stated are honestly held, they are not guarantees, should not be relied on and are subject to change. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. This document may contain statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, new legislation and regulatory actions, competitive and general economic factors and conditions and the occurrence of unexpected events. Past performance of the digital asset markets or markets in their derivative instruments is not a viable indication of future performance with actual results possibly differing materially from those stated herein. We will not be responsible for any losses incurred by a client as a result of decisions made based on any information provided.
