After 2024 halving Bitcoin price???
By halving bitcoin, the price of bitcoin became more popular or by the time bitcoin became more rare, by the time bitcoin was halved for the first time, the price of bitcoin would have doubled.
After bitcoin's first halving in November 2012, bitcoin's price rose from $12.35 to $127 five months later. After the second halving in 2016, bitcoin's price doubled to $1,280 within eight months. And between the third halving in May 2020 and March 2021, bitcoin's price rose from $8,700 to $60,000.1 day ago
The halving is designed to make bitcoin more scarce, and ostensibly to push bitcoin's price upward. And for the last three halvings, that's exactly what has happened. After bitcoin's first halving in November 2012, bitcoin's price rose from $12.35 to $127 five months later.
Since there will ever only be 21 million bitcoin, the halving serves to create more bitcoin scarcity. In the past, halving has preceded massive rises in bitcoin prices to new all-time highs.
Bitcoin price eyes $45,000 target ahead of BTC halving in April 2024
