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G0ddess11
@g0ddess11
Bitcoin's halving event, scheduled for April 23, 2024, slashes miner rewards in half, from 6.25 BTC to 3.125 BTC per block. This shift increases mining difficulty as miners compete for fewer rewards, potentially driving up mining costs. Economically, halving can stabilize Bitcoin's price as supply decreases, affecting market dynamics long-term. Investors and miners brace for volatility but see halving as a cornerstone of Bitcoin's deflationary nature and value retention strategy.
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