Smoke and mirrors

Smoke and mirrors: The fourth bitcoin “halving” just slashed mining rewards in half — from 6.25 to 3.125 per block. Translation: Bitcoin will become 50% harder to find. This is the oldest marketing trick in the book. As it gets rarer, it becomes more valuable, and more people buy in at that increased price … until they stop buying altogether and it all crashes. Remember: The intrinsic value of bitcoin is exactly zero.

Tags: Bitcoin, book, buying, crashes, Marketing, mining, rewards, value