“Halving” will cut the amount of bitcoin that can be mined from roughly 900 per day to 450, making the asset even scarcer while providing a deflationary measure to bolster it as a store of value. Bitcoin investors own bitcoin because they believe it will rise in value, and next year’s halving event – if history is any indication – may very well deliver this. In the past, bitcoin has rallied the year ahead of halvings; bitcoin rose by 19% in the 12 months leading up to its last halving on May 11, 2020, while the halving before that in 2016 saw a 142% increase.
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- Source: https://www.coindesk.com/consensus-magazine/2023/04/28/the-crypto-miner-reckoning-no-fate-but-what-we-make/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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