The bitcoin halving, occurring approximately every four years, involves a reduction in the number of bitcoins rewarded to miners, creating scarcity and potentially impacting the cryptocurrency's price. This week's episode of Yahoo Finance Future Focus delves into the reasons behind the bitcoin halving and examines the potential impact this event will have on the price of the largest digital asset by market capitalisation. Read more: Crypto live prices Bitcoin (BTC-USD) has already surged by over 45% since the beginning of the year, and many analysts believe that the supply crunch caused by the halving, combined with increased demand through spot bitcoin exchange-traded funds (ETFs), could further propel the price even further. For instance, in a Bernstein research report from March, the asset manager factored in the impact of the halving and raised its year-end bitcoin price forecast to $90,000 (£72,315). Bitcoin mining operates on a decentralised network where validators verify transactions and are rewarded with newly minted bitcoins. For every 210,000 blocks made, however, which takes roughly four years, the number of bitcoins rewarded to miners is halved. This reduction in block rewards is programmed into the bitcoin network's core code by its pseudonymous creator, Satoshi Nakamoto, as a means...