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What is Bitcoin Halving? Does it impact Bitcoin price?

Bitcoin halving is a programmed event written into Bitcoin's code that cuts the reward for mining new blocks in half. This happens roughly every four years, or after every 210,000 blocks are mined. The next halving is expected to occur around April 2024, and it will reduce the mining reward from 6.25 bitcoins to 3.125 bitcoins per block.

The halving is designed to slow down the rate at which new bitcoins are created and eventually reach a maximum supply of 21 million bitcoins. This scarcity could potentially lead to price appreciation in the long run, as supply becomes tighter while demand remains constant or increases.

However, it's important to note that the impact of halving on bitcoin prices is complex and not guaranteed. Various factors can influence the price, and past halving events have resulted in different price movements.

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