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This has never been proven to work. There is no scientific evidence to back up the claims. The inventor of Bionic Reading seems to have no background in Neuroscience whatsoever. There are articles trying to debunk the Bionic Reading claims, but those are not backed up by scientific peer-reviewed studies either.
https://blog.readwise.io/bionic-reading-results/
https://labtoclass.com/bionic-reading-science-or-scam/#Is_Bionic_Reading_Backed_by_Research