When Bitcoin was released in 2009, the mining reward was 50 BTC per block. It has experienced three halvings since then. The first halving occurred in November 2012, when mining rewards were reduced from 50 BTC to 25 BTC. The second halving occurred in July 2016, with the mining reward further reduced to 12.5 BTC. The third halving occurred in May 2020, when mining rewards were halved again to 6.25 BTC per block. Halving is crucial to Bitcoinâs scarcity and inflation control, ensuring that its total supply never exceeds 21 million, in line with its deflationary principles.
The first halving occurred on November 28, 2012
On the day of the halving, Bitcoin price was around $12. Half a year later, around May 28, 2013, the price rose sharply to around $130, an astonishing increase.
The second halving took place on July 9, 2016
On the day of the halving, Bitcoin price was around $660. Around January 9, 2017, the price rose to around $900, a significant increase within half a year.
The third halving is May 11, 2020
On the day of the halving, Bitcoin price was around $8,600. Half a year later, around November 11, 2020, the price exceeded $15,700.
The fourth halving is April 9, 2024
How much can BTC get?
$100,000, $500,000, or $1 million? #BTC #çéšèŻéą #brc20aodo #ć ćźčæçż
