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Bitcoin Halving: Bearish Implications?
This story was originally published on HackerNoon at: https://hackernoon.com/bitcoin-halving-bearish-implications.
Could the Bitcoin Havling give way to another deflationary period for the cryptocurrency?
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #bitcoin, #bitcoin-mining, #bitcoin-halving, #digital-assets, #crypto, #cryptocurrency, #crypto-markets, #crypto-trading, and more.
This story was written by: @jakedonoghue. Learn more about this writer by checking @jakedonoghue's about page,
and for more stories, please visit hackernoon.com.
Every four years, the Bitcoin network undergoes a significant change known as "halving", a process that reduces the rewards for mining new blocks by half. After the first halving on November 28th, 2012, Bitcoin's price skyrocketed from $12 to $1,075 within a year, a stunning 8,858% increase. Many believe that the price of Bitcoin will immediately increase following a halving.
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By HackerNoonThis story was originally published on HackerNoon at: https://hackernoon.com/bitcoin-halving-bearish-implications.
Could the Bitcoin Havling give way to another deflationary period for the cryptocurrency?
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #bitcoin, #bitcoin-mining, #bitcoin-halving, #digital-assets, #crypto, #cryptocurrency, #crypto-markets, #crypto-trading, and more.
This story was written by: @jakedonoghue. Learn more about this writer by checking @jakedonoghue's about page,
and for more stories, please visit hackernoon.com.
Every four years, the Bitcoin network undergoes a significant change known as "halving", a process that reduces the rewards for mining new blocks by half. After the first halving on November 28th, 2012, Bitcoin's price skyrocketed from $12 to $1,075 within a year, a stunning 8,858% increase. Many believe that the price of Bitcoin will immediately increase following a halving.