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The Halving event is Bitcoin's built-in scarcity mechanism, occurring approximately every four years. It reduces the reward miners receive for adding new blocks to the blockchain by 50%, from 12.5 to 6.25 BTC. This not only encourages miners to continue securing the network but also mimics gold's scarcity, making Bitcoin's supply capped at 21 million coins. The next Halving is expected in 2024, further cementing Bitcoin's position as a digital store of value.
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