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."

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Source Fool.com