LedgerX Unveils Betting Market for 2020’s Bitcoin Block Reward Halving
The bitcoin block reward will be cut in half next year – and soon, market watchers can place bets on exactly when the subsidy halving will happen.
Halving
Mining power on the litecoin network has dropped by 28 percent since its recent "halving" event as miners struggle for profit.
Litecoin, the fourth-largest cryptocurrency by market value, has just reduced its block reward for miners by half.
According to regression models and historical precedent, the upcoming bitcoin halving will boost the market price. So why isn’t that already priced in?
Litecoin's next block reward halving is now less than 90 days away, but the world's sixth largest cryptocurrency may still have room to run before investors "sell the news."
Traders may already be pricing in litecoin's upcoming block reward halving.
