1,196 Blocks Since the Halving, What’s Next for Bitcoin?

Crucial question after today's drop to $9K...

On May 11, 2020 at 21:23 UTC, Bitcoin’s third Halving took place as expected. Since then, 1,196 blocks of transactions have been mined with the reward lowered to 6.25 BTC.

This implies that 7,475 Bitcoins have been created since the Halving. At the same time, 7,475 fewer Bitcoins have been put into circulation.

This historic supply shock for Bitcoin puts …