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Bitcoin Just Halved Its Mining Reward. Here's Why I'm Buying Now

TheMotleyFool

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Bitcoin Just Halved Its Mining Reward. Here's Why I'm Buying Now: https://g.foolcdn.com/editorial/images/773788/golden-bitcoin-coin-representing-the-electronic-currency.jpg

On the evening of April 19, the much-anticipated Bitcoin (CRYPTO: BTC) halving finally took place. Crypto investors around the world celebrated, and for good reason. There have been three previous halving events, and each one has resulted in a new bull market cycle for Bitcoin.

So is the halving going to send the price of Bitcoin soaring again this year? I think so, and here's why.

Many investors may not realize this, but Bitcoin was actually created as a backlash to the financial crisis of 2008. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, blamed irresponsible fiscal and monetary policy for the crisis, and sought to create a new type of digital asset that would be "sound money."

Source Fool.com

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