What is the Significance of the Bitcoin Block Halving?
Could you elaborate on the significance of the Bitcoin block halving? I've heard it's a crucial event in the cryptocurrency world, but I'm not entirely sure why. Does it affect the supply of Bitcoin? How does it influence the value of the coin? And are there any broader implications for the cryptocurrency market? I'm particularly interested in understanding the economic implications and how it shapes the long-term future of Bitcoin and potentially other cryptocurrencies. Your insights would be greatly appreciated.