The ‘halving’ — bitcoin bros’ World Cup — is nigh | CNN Business

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New York CNN  — 

The quadrennial “halving” is almost upon us.

And while that may sound like some kind of pagan ritual or horror movie title, it’s actually a pretty mechanical operation that’s hardcoded in the design of bitcoin.

Put simply, the halving is an automatic 50% reduction in the number of bitcoin entering circulation. That should, in theory, push the value of the cryptocurrency

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