LIVEWhat is bitcoin halving and how much bitcoin gained after each halving? When will next bitcoin halving occur?
Bitcoin halving is when the reward for mining bitcoins is cut in half#, which happens every four years.
According to Investopedia, the price of bitcoin increased by about 9000% in the 150 days following the first halving in 2012,
And by about 2800% in the 150 days following the second halving in 2016.
However, past performance is not a guarantee of future results, and many other factors can affect the price.
The last bitcoin halving occurred on May 11, 2020, when the block reward dropped from 12.5 BTC to 6.25 BTC per block.
According to the data I found, the bitcoin price before the last halving on May 11, 2020 was $8,821.421. The current bitcoin price is $47k That means bitcoin has increased by more than 400% since the last halving.
The next bitcoin halving is expected to happen in April 2024, when the block reward will drop to 3.125 BTC per block. Bitcoin halving affects the supply and demand of bitcoins, which can influence the price.
What is your opinion on bitcoin price to be after upcoming halving in April, 2024?
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