What is BITCOIN HALVING? EXPLAINED

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BITCOIN HALVING EXPLAINED

For those of you that don't know the meaning of Bitcoin halving.

I'm going to Explain everything you need to know about the Bitcoin halving 

Bitcoin halving occurs every 4 years since it's creation.

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Bitcoin created in 2008  being mined daily and during that time 50 Bitcoin is mined per block. Then 4 years after creation was it's first halving which means Bitcoin production was halved meaning 25 Bitcoin is now produced per block from 50.

This logically will increase Bitcoin scarcity.

Then the next four year Bitcoin production of 25 BTC per block was halved again to 12.5BTC them next was 6.25BTC per block in 2020

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Today 2024 BTC production will be halved to 3.125btc per block. Insane scarcity this time.

 At least a year after Bitcoin halving Bitcoin always create a new historic All time high.

On the day of BTC First halving in 2012 Bitcoin price is at $12 and one year later it rosed to $1075.

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On the day of BTC second halving in 2016 Bitcoin price is at $650 and one year later it rosed to $2,560.

On the day of BTC third halving in 2020 Bitcoin price is at $8,727 and one year later it rosed to $55,847.

Today is Bitcoin fourth halving and Bitcoin is currently at $63,594.

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One year later in 2025, what price do you expect? 👀

Many experts speculate $150k for BTC in one year time👀

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