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Another Year Till The Halving

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by COINS NEWS 101 Views

Every four years, Bitcoin goes through what is called a halving event. If you don't know, during the halving, the amount of rewards miners recieve from mining btc are cut in half, the decrease in supply leads to the price of btc going up. The purpose of this event is to regulate the inflation of the cryptocurrency and to slow down the creation of new Bitcoins.

Historically, btc has always gone up after the halving but will it be the same this time? originally the mining rewards were cut from 50 to 25, then to 25 to 12.5, with the most recent halving in 2020 being 12 to 6, but this time it will only be from 6 to 3 which is a much less amount, as such, it's impact might be much less significant than the previous halvings.

Where do you stand? Are we already at the beginning of a bull or will history repeat itself and this is just a temporary bump?

submitted by /u/peskyant
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