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Much has changed for Bitcoin, cryptocurrency and blockchain since the last Bitcoin halving (something the community calls a halvening), which happened July 9, 2016, and each time it happens no one is entirely sure how the Bitcoin price, or the economy that has built up around it, will react.

A Bitcoin halvening — there have been two since Bitcoin's creation in 2009 — is a fixed event and will occur after every 210,000 blocks are mined, or confirmed, by the system.

Some 12 months after the first Bitcoin halving event in November 2012, the Bitcoin price reached what was then an all-time high of $1,000.

The 2016 halvening heralded last year's bull run which peaked in December 2017 with the Bitcoin price reaching an eye-watering $19,000.

@peakdemand

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