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Halving effect on Bitcoin price

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Bit Buddy
Halving effect on Bitcoin price

Bitcoins are created by solving a number of blocks and in return, the miners who solve these blocks are rewarded with bitcoins for their work. Bitcoin halving is to maintain the supply of bitcoins in the network so as to regulate the price and demand of bitcoin. When the supply of a commodity decreases in the market, its demand increases, and as the demand increases, it results in the commodity bitcoin price increase.

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