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Bitcoin Bulls Are Already Seizing on Next Year's Drop in Supply

  • Mining rewards to be reduced by 50% under ‘Halvening’ measure
  • Proponents point to rallies following 2012, 2016 cutbacks
A collection of bitcoin tokens sit in this arranged photograph.

A collection of bitcoin tokens sit in this arranged photograph.

Photographer: Chris Ratcliffe/Bloomberg
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Bitcoin bulls are already touting the next great “halvening” as a catalyst for more price gains by the biggest cryptocurrency.

That’s an event, also called halving in the crypto community, that occurs every few years when the number of coins awarded to the so-called miners that use computers to process transactions are slashed in half to prevent inflation from eroding the value of the digital asset. The next cut is expected to come in May 2020.