🔥💥Bitcoin price change after Halving: From 300 to 9000 percent
There are still a few days left for the fourth halving of #Bitcoin Current data shows that halving will take place on April 20. It is a matter of curiosity how this event, which takes place every four years, will affect the Bitcoin price. Looking at examples from the past can help to understand this.
Bitcoin's fourth reward halving is approaching every day. As of today, halving is 13 days away. Halving, which comes to the median every four years, is expected to take place this time on April 20.
Since the price increases in #BTC coincide with the same periods as halving, a link has been established between the price increases and halving since time immemorial. Dec. Although there are discussions that these increases are more related to the Fed increasing the money supply rather than halving, it is impossible to ignore the potential of halving to be a “self-fulfilling prophecy”. Dec. For this reason, it is important to examine the price changes after halving.
The first halving in Bitcoin was on November 28, 2012. Block rewards have been reduced from 50 BTC to 25 BTC. in 12 months, Bitcoin has risen from $ 12 to $ 1163, an increase of 9500 percent. The fact that Bitcoin was still a fairly new asset at that time formed the basis for tougher price movements.
The second halving of Bitcoin was on July 9, 2016. The block reward of 25 BTC has been reduced to 12.5 BTC. Bitcoin has risen from $ 625 to $ 2,980, an increase of 375 percent in 12 months. The price continued to rise in the sequel. When December 2017 came, Bitcoin reached 20 thousand dollars.
The third half took place on May 11, 2020. Block rewards have decreased from 12.5 BTC to 6.25 BTC this time. Bitcoin has increased by 625 percent from $ 8,180 to $ 59,600 in 12 months. In the following days, the price rose to 69 thousand dollars.
