The chapter delves into the upcoming Bitcoin halving event, explaining its significance in reducing the new supply of Bitcoin and its impact on mining companies' revenue. It discusses China's crackdown on Bitcoin mining and how it could affect both mining operations and the price of Bitcoin. The conversation also explores the evolution of Bitcoin mining, past correlations between halving events and market surges, and speculates on potential future trends in the industry.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Economics Editor Molly Smith and Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey break down the impact of the March jobs report on interest rates and Fed policy. Becky Frankiewicz, President and Chief Commercial Officer at ManpowerGroup, shares her thoughts on the March jobs report and employment trends she is watching. Bloomberg News Crypto and Blockchain Companies Reporter David Pan explains Bitcoin ‘halving.’ And we Drive to the Close with Greg Halter, Director of Research at Carnegie Investment Counsel. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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