To date, Bitcoin has undergone two halvings (2012 and 2016), and we are quickly approaching the third. For background, Bitcoin pioneered a deflationary economic model by setting an upper limit of 21 million bitcoins. In order to spur adoption, issuance was initially set at 50 BTC per block (every 10 minutes), and set to decay in half every four years as the network presumably grows more valuable. This event is now colloquially dubbed the halving. Today, 18M Bitcoin have already been mined (86% of the final supply), with 12.5 new BTC (~$125K) issued every block. This will drop in May 2020 to 6.25 BTC (~$63K). In ... (full story)