Bitcoin (CRYPTO: BTC) has been moving sideways ever since the halving event that took place late Friday, and Cathie Wood’s Ark Invest on Monday weighed in on the potential impact of the event. What Happened: The growth in Bitcoin supply fell from 1.8% to 0.9% at an annual rate, said Yassine Elmandjra, Director of Digital Assets, at Ark. The crypto’s supply growth, therefore fell below the supply of gold, which is estimated to be 1.7% in 2023, he said. Explaining the process of halving, the analyst noted that due to Bitcoin’s “mathematically metered supply growth,” the reward for mining a block…
