Bitcoin Halving is officially complete! 🎉🎉🎉

The reward per Block has now been reduced to only 3,125 BTC.#BTCprice at Halving does not fluctuate much.

Looking back at history after each Halving season, we see:

⇢ November 28, 2012, price $BTC was about $12, BTC block reward decreased from 50 to 25. 6 months later, $BTC increased nearly $130

⇢ 7/9/2/2016, price $BTC about $660 - block reward reduced from 25 to 12.5. Nearly 1 year later BTC reached ATH in December 2017 at $19,664

⇢ May 11, 2020, price $BTC about $8,600 - block reward decreased from 12.5 to 6.25, reaching ATH on November 2021 at ~69,000

⇢ April 20, 2024 Price $BTC 64000 - block reward reduced from 6.25 to 3.125.

So what will happen next???

Halving as a way to reduce inflation for Bitcoin that Satoshi came up with, it happens every 4 years. In addition to exchanges, governments and funds, a large amount of#BTCis also in the hands of large mining pools, which decide whether#BTCcan be traded and moved smoothly or not.#binance #btc #bitcoin