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Price Considerations

First BTC Halving 2012 Second BTC Halving 2016

8%
25%
Annualized BTC Growth Rate

Annualized BTC Growth Rate

7%
20%

6%
5%
15%

4%
10%

2012−Oct 2013−Apr 2013−Oct 2016−Apr 2016−Oct 2017−Apr

Time Time

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