In 19 days, the number of bitcoin released with each block reward will drop from 12.5 to 6.25, a 50% cut in supply.This will be the third halving in bitcoin's lifetime and it has market participants across crypto speculating about the potential ramifications. Namely, whether it will result in a pop in bitcoin's price or whether it is priced in.In this episode of The Scoop, we welcome GSR Trading co-founder Rich Rosenblum to dig into the halving. Rosenblum, who spent ten years at Goldman Sachs trading oil, kicked things off with the firm's transition from a programmatic trading firm in a retail driven market into a broker offering bespoke products to help miners hedge their risks.We also discuss:  The fundamental difference between oil and bitcoin in terms of supply and demand dynamics  The similarities between mining operators and shale producers The reason why U.S.-based "institutional" offerings have failed to launch while the Asian derivatives market has taken off How trading firms and market participants are preparing for the halving, and, of course, whether it is priced in  Episode 14 of Season 2 of The Scoop was recorded remotely with Frank Chaparro and Rich Rosenblum, co-founder of GSR Trading.