Category Archives: Magically Predicting the Future

After the Halving, Now What?

On Tuesday, the bitcoin algorithm ordered the block reward to be cut in half, from 12.5 bitcoin every ten minutes to 6.25. And absolutely nothing else happened that day. The weekend before, of course, bitcoin dropped 16% in a matter of minutes. That happened NOT because a bunch of new money moved into bitcoin. It happened because a bunch… Read More »