History of Bitcoin Halving: Bitcoin Price After Halving
First Halving - November 2012
Pre-Halving Price: Around $12.50
Post-Halving Price: The price increased gradually after the halving, reaching approximately $1,000 by the end of 2013.
Second Halving - July 2016
Pre-Halving Price: Approximately $650
Post-Halving Price: The price saw a steady increase post-halving, culminating in a peak of around $20,000 in December 2017.
Third Halving - May 2020
Pre-Halving Price: Around $8,800
Post-Halving Price: After the halving, Bitcoin's price initially remained stable but started to increase in the latter half of 2020, eventually reaching an all-time high of nearly $64,000 in April 2021.
After each halving, Btc price has tended to rise significantly, though it's essential to note that these increases have not occurred immediately but over the months and years following the event. The halving reduces the new supply of Bitcoin, creating a scarcity effect. When combined with increasing demand, this can lead to price increases. With the introduction of the bitcoin ETF what do you think will happen during this bull run?
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