As Decrypt.co's Tim Copeland details,  at 7 pm UTC (3 pm ET) today, the new supply of Bitcoin will drop by 50%, meaning there are few satoshis being created each day.

How will the digital gold narrative hold up after the Bitcoin halving?

There's a lot of pressure on this year's halving. Bitcoin proponents have spun two narratives around it: The event will lead to a boom in prices, or Bitcoin will become more like gold in its scarcity and stability. Below we explore the ideas behind both, and what happens if neither comes true.