🌐💥 Uncover the mysterious world of Bitcoin! Let's see how it works.
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💎 What is Bitcoin Halving?
Halving is the reduction of mining rewards in half every 4 years. 📉
Starting at 50 BTC per block, it decreases every 210,000 blocks.
Result: The total number of Bitcoins in circulation is capped at 21 million, in order to create a rare asset.
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🚀 Each bull run
1️.2011: First Awakening
Price: Rising from $0.06 → $29.38 (+50,000%) 🔥
Major Event: Mt. Gox Launch
Drop: Mt. Gox Hacked, Confidence Collapses, Price Drops to $2.14 (-93%)
2️.2013: China Power
Price: $68 → $1,200 💸
Events: Chinese Investors Wake Up, Cyprus Financial Troubles
Drop: Chinese Government Bans Bitcoin → Price Drops to $200 (-84%)
3️.2017: Mainstream is Here!
Price: $200 → $20,000 (+10,000%)
Event: Bitcoin explodes in the global market!
Drop: Bubble burst → Drop $3,200 (-83%)
4️.2020-2021: The golden age of Covid
Price: $10,000 → $69,000 🤑
Event: Halving, Tesla buys BTC 🚗, Ease of money flow
Drop: Chinese mines banned → Drop $29,000
5️.2023-2024: Uptrend still hot!
Price: $15,500 → $91,950 (still rising?) 🚀
Event: BlackRock ETF launch 🖤, Institutional investors rush to buy
Drop: No significant drop yet (2024 is still hot!)