In November 2012, Bitcoin experienced its first halving event. This involved reducing the miner rewards from 50 BTC to 25 BTC for every block mined on the blockchain network. The halving process is designed to occur roughly every four years and will continue until all of the projected 21 million Bitcoins are in circulation. At the time of the first halving, there were approximately 11 million Bitcoins already in circulation as this digital currency began its journey into the global financial system. It's important to understand these events as they impact how many new Bitcoins can be generated and therefore influence its perceived scarcity and value proposition. #BitcoinHalving #Cryptocurrency

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