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Bitcoin Rally Expected as Next Halving Approaches

As bitcoin's next halving event approaches in less than nine months, excitement is growing for a potential rally to fresh all-time highs. The reward rate for miners will be halved from 6.25 BTC to 3.125 BTC when the blockchain adds its 840,000th block on April 21, 2024, resulting in a halving of the inflation rate of the bitcoin supply. According to ChatGPT, a leading artificial intelligence chatbot, Bitcoin's price could potentially double or triple the pre-halving price, reaching $60,000 to $90,000. Additionally, a new token called BTC20, which operates on an eco-friendly, low energy consuming Proof-of-Stake Ethereum blockchain, has been generating a lot of buzz. BTC20 aims to raise up to $6.05 million by selling tokens at $1 each and has already raised over $4.25 million in just over a week. 

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