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Bitcoin’s intrinsic value comes from its innovative blockchain technology, decentralized nature, and continued deflationary model through the “halving” initiative. Every four years, the reward for mining new blocks on the Bitcoin network is halved, which can effectively slow down the rate at which new Bitcoins enter the market. The Bitcoin halving is not only an update and adjustment on the technical level, but the reduction in supply will also drive up the price to a large extent.