During this event, the reward for mined block will be halved, limiting production to 3.125 bitcoins per block. This measure aims to control the supply of Bitcoin and simulate resource scarcity, akin to gold, making each unit of Bitcoin more valuable over time.
During previous halvings, we have witnessed a notable increase in the price of Bitcoin. This phenomenon is attributed to a decreased supply of new coins and increased demand, creating a favorable scenario for price appreciation.
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