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Topic: [2019-12-19] Heard of bitcoin's 'halving'? It's set to shake crypto markets ... - page 3. (Read 543 times)

legendary
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LONDON (Reuters) - If you’re not a bitcoin enthusiast, you probably haven’t heard what’s happening next year: It’s called the “halving”, and it will cut production of the cryptocurrency by 50%.

https://www.reuters.com/article/us-crypto-currencies-halving-idUSKBN1YN19A

Yet another journalist promoting the misconception that the halving reduces the supply of bitcoins. The opening paragraph is correct but the remainder of the article replaces "production" with "supply". The author is then obligated to explain how lower supply and constant demand effect the price.

The article also notes that the price rose in the years following the halvings, but neglects to mention the fact that the price also rose in the years preceding the halvings.
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