© 2019 Bloomberg Finance LPThe highly anticipated block reward halving of bitcoin is set to occur in May 2020. Despite popular belief, Morgan Creek Digital co-founder and partner Jason Williams said that it would have a minimal impact on the bitcoin price. In 2016, as an example, after the halving occured, the bitcoin price slumped from $707 to $570. Still, some reports indicate that new investors are generally unaware of bitcoin halvings, which could be a variable as halving nears. As a scarce asset with a fixed supply at 21 million BTC, a block reward halving that affects the supply of bitcoin is likely to influence the price.

Source: Forbes December 03, 2019 21:17 UTC