#8 Bitcoin bulls eye supply growth drop below 1% for first time ever in April halving

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1M ago 4:05

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Bitcoin supply growth is set to drop below 1% for the first time ever next month, when the ‘halving event’ gets underway, underscoring the popular crypto’s scarcity premium and likely fueling the current bull run just as institutional investors join the race to ‘hodl’ the popular crypto.

"Bitcoin supply growth is currently about 1.7% and that will be reduced to a bit under 1% for the first time in bitcoin history,” at the next halving event, expected “sometime on April 17”, Director of Education and Governance Initiatives at Web3 Foundation told Investing.com’s Yasin Ebrahim in an interview on Thursday.

Halving events, which occur once every four years, cut the amount of bitcoin that is produced on the bitcoin blockchain, or network, by miners in half --- hence, ‘halving.’
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