tldr; Bitcoin’s price action is a series of bubbles, a string of successive higher highs and higher lows, as this strange asset bootstraps itself from nothing to being the world’s best store-of-value asset. Every four years, the amount of Bitcoin being released gets cut in half – events known as “halvings”. These mechanics are the very reason that Bitcoin continues to rise from the ashes to spectacular new highs every four years.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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