The bitcoin price has been flirting with $10,000 for the last few weeks. SOPA Images/LightRocket via Getty ImagesThe sudden jump in the bitcoin price comes as bitcoin traders and investors are gearing up for the looming May bitcoin halving event, which will see the number of bitcoin rewarded to miners cut by half. "Bitcoin just hit $10,000," Anthony Pompliano, the cofounder of bitcoin and crypto investment group Morgan Creek Digital, said via Twitter. Meanwhile, the number of people searching Google for the term "bitcoin halving" has been steadily rising along with the bitcoin price. COinbaseHowever, not everyone is celebrating the bitcoin halving with one U.S. wealth manager, Andy Edstrom, recently suggesting it isn't necessarily something that's fundamentally good for bitcoin or the bitcoin price.

Source: Forbes February 09, 2020 03:52 UTC