The first Bitcoin halving occurred in November 2012. The next halving was in July 2016, and the most recent halving was in April 2024

The reward, or subsidy, for mining, started out at 50 BTC per block when Bitcoin was released in 2009. The amount drops in half each time a new halving takes place. For instance, after the first halving, the reward for Bitcoin mining dropped to 25 BTC per block.

The last halving will occur in 2140. At that point, there will be 21 million BTC in circulation and no more coins will be created. From there, miners will just be paid with transaction fees.

If we look at the history, we can predict the actual bull run will start from 2-3 months after the halving and will go on top level around May- October 2025

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