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In the long term, Bitcoin halving events have historically been associated with price appreciation. This is due to the reduction in the rate of new supply entering the market, coupled with growing demand from investors and users. With a decrease in the rate of inflation and a fixed supply cap of 21 million bitcoins, scarcity becomes more pronounced over time, potentially driving up prices as demand continues to increase. As Bitcoin establishes itself further as a store of value anddigital gold, its long-term price trajectory could see continued appreciation following halving events.