Will the coming Bitcoin halving have an effect on price?

[Trader_Rob]

The coming Bitcoin halving will definitely have an effect on the price of Bitcoin as the rewards to blocks for mining are going to be reduced. Coupled with the fact that the total maximum supply of Bitcoin is a fixed amount, and the degrading of fiat currencies as a result of stimulus packages injected by countries in order to fight the impact of Covid19, it is expected that the bitcoin halving will trigger a massive spike in the price of Bitcoin.

Now that the halving has occurred, we can see that the movement is still going upwards. The impact of this halving, though, is that it has dropped the revenues of miners by 60%. With the reduced value of each block, the rewards received my miners has also declined.