The Bitcoin halving event, which occurs approximately every four years, halves the reward for mining a block. This event can have a significant impact on the price of Bitcoin.

Historically, after a halving, the price of Bitcoin tends to rise due to the reduction in the supply of new bitcoins. However, this increase is not immediate. Generally, the price begins to rise a few months after the halving and can reach new highs over the course of one to two years.

For example, after the 2020 halving, the price of Bitcoin began to rise significantly at the end of 2020 and reached its all-time high in 2021. It is important to note that the cryptocurrency market is very volatile and other factors can also influence the price. #Bitcoin❗️ #shelbyfox $BTC

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