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As for the halving, he said that once the block rewards are cut in half once again, it will create a Bitcoin supply shock. The conclusion Mow took from this was that once the demand and the supply shocks meet, they will propel the Bitcoin price as high as $1 million or even higher. In the comments, he even agreed that, one night, the market may go to sleep with Bitcoin trading at $70,000, and then wake up to it
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Source: Utoday_en - 🏆 295. / 63 Read more »