Bitcoin has been halved three times since its birth, and each halving is followed by a bull market, which is really amazing. Halving means that the mining reward is cut in half, miners earn less money, Bitcoin supply is reduced, and the price rises. Many people don’t understand whether the bull market is before or after the halving? Let me tell you, the bull market comes after the halving. Halving is like an alarm clock, telling everyone that it will rise! It happens about once every four years, and each time after it happens, Bitcoin can break a new high, and then adjust back. A bull market with a smaller increase requires more money to be invested, and it is even more difficult for retail investors to make money.

The halving means that the mining reward is reduced, and there will be fewer new bitcoins. It has happened three times in the past 14 years, in 2012, 2016, and 2020. One to one and a half years after each halving, Bitcoin was in full swing, with one bull market after another. The next halving is estimated to be around April 19, 2024, and it will be lively again by then.

The halving is set in the Bitcoin protocol, and the code is written on Bitcoin Core Github. You can check it if you want. The bull market is closely related to the halving. Miners have to make money by mining, and they have to be rewarded for verifying transactions. If it is halved, they will earn half as much. It has been halved three times, and each time there is less Bitcoin.

There have been three halvings, and each time it made big news. After the halving in 2012, Bitcoin broke $1,000 a year later; after another halving in 2016, it rose to nearly $20,000 in 2017; after the halving in 2020, it rose directly to its all-time high. This halving happens every 210,000 blocks mined, and the next one will probably be on April 19, 2024. Now each block rewards 6.25, and after the halving, it will only be 3.125. Nearly 20 million have been mined, and there are still 2 million left to be mined.

Every time there is a halving, the price will be affected, but reducing the supply is always the prelude to a bull market. Halving makes mining more difficult, computing power must increase, and the hash rate will also increase. There will be 32 halvings in total, and after the halvings, there will be no more Bitcoin, and the mining of Bitcoin will end. This thing is really more valuable the more it is halved, and it becomes more difficult to mine, but people just love it, there is nothing we can do!