This major event for cryptocurrency only concerns “newly issued” bitcoins. It will therefore have no influence on the product subscription report.

In a few weeks, the next Bitcoin halving will take place. This is already the fourth in the life cycle of Bitcoin. You will find out in this article what exactly this means as well as the repercussions it could have on Vontobel Bitcoin-related products.

THE HISTORY OF BITCOIN

On January 12, 2009, the first transaction on the Bitcoin blockchain took place. However, it took more than a year before a physical product was purchased with bitcoin. On May 22, 2010, two pizzas were purchased for a total of 10,000 bitcoins. Bitcoin Pizza Day is still celebrated every year on May 22.

The following year, Satoshi Nakamoto's last sign was given in April, and since that date, the "creator" has never spoken again. In 2014, the largest crypto exchange at the time, Mt. Gox, was hacked, and this event left its mark on the crypto community. Thus, the proverb “Not your keys, not your coins”, which refers to the risks associated with storing Bitcoin, is still relevant today. Over the years, we have also heard of people who had lost their access data (private keys) to their wallet. The loss of access data is a serious problem for self-holding cryptocurrency, because the possibility of easily resetting access data, such as an email account, does not exist for a wallet. Therefore, in the event of loss of access data, it is no longer possible to access bitcoins....

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