Investors are hopeful that a major event called the bitcoin “halving,” happening next month, could drive the price of the cryptocurrency to new record highs.

Bitcoin, after a lengthy slump, is back in the headlines and breaking records once again. It recently reached a record high of over $70,000 amid positive developments in the crypto space and general optimism. And the coming halving could further provide a boost for the cryptocurrency, one that experts say might have some staying power.