📝According to the report, after each mining reward was halved, the Bitcoin (BTC) rate increased by an average of 3,230%.🚀
🟢The first halving, dated Nov. 28, 2012, reduced the reward from 50 BTC to 25 BTC. Within 12 months of the halving, the asset’s value rose from $12 to $1,075. Over the year, the rate jumped by 8,858%. By January 2022, the inflation rate changed from 25.7% to 12%.
🔴The second halving occurred on July 9, 2016, when the reward for mining a block was reduced from 25 BTC to 12.5 BTC. The market reacted with another Bitcoin rally, as the coin’s value increased by 294% over the year. BTC’s price increased from $650 to $2,560, and the inflation rate of the first cryptocurrency changed from 8.7% to 4.1%.🔥
