Bitcoin Halving History Review, and Market Outlook Price Prediction 👉🏻 Bitcoin Halving: The mechanism in the Bitcoin protocol that controls the supply speed of new Bitcoins. Every time the Bitcoin network passes 210,000 blocks, the mining reward will increase. Halved. So far, the $BTC network has experienced 3 halvings, with the 4th halving expected just a month later. ✨ Pumppump takes everyone through time, reviewing the three halvings in history and the events that occurred at each time node. ▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰1/ First Halving (November 28, 2012): 🕛 50 BTC -> 25 BTC🔺 Price increase (100 times): Before the halving, the price of Bitcoin was around $12. After the halving, the price of Bitcoin started to rise, and over the next year, the price rose to over $1,000💡 Node events: Bitcoin gradually started to receive more attention, especially after the financial crisis, people began to look to the traditional financial system As an alternative, Bitcoin has begun to become a safe haven option ▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰2/ Second Second halving (July 9, 2016): 🕛 25 BTC -> 12.5 BTC 🔺 Price increase (30 times): Before the halving, the price of Bitcoin was approximately $650. After the halving, the price of Bitcoin began to rise, reaching an all-time high of nearly $20,000 at the end of 2017💡 Node events: Bitcoin began to receive widespread coverage from mainstream media, and some regulatory challenges and security issues also emerged, such as Bitcoin transactions The Bitfinex hack.半3/ Half of the third time (May 11, 2020): 🕛 12.5 BTC -> 6.25 BTC🔺 Price increase (8x): Before the halving, the price of Bitcoin fluctuated between $8,000 and $10,000. After the halving, the price of Bitcoin began to rise, reaching a high of nearly $64,000 in early 2021. 💡 Node event: Bitcoin and the entire cryptocurrency market have been affected by the COVID-19 coronavirus, which has led to increased global economic uncertainty. Coupled with the global economic downturn, more and more investors regard Bitcoin as a safe haven. assets.▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰▰4/ The fourth halving (expected April 2024): 🕛 Rewards are halved : 6.25 BTC -> 3.125 BTC🔺 Growth prediction (3~4 times): 💡 Node event: The biggest factor in this bull market is the passage of Bitcoin ETF, which introduces a huge amount of compliant funds into the encryption market and drives the Bitcoin ecosystem The explosion includes but is not limited to Inscription, BTC L2, etc. Referring to historical data and statistical rules, the increase in BTC after this halving is about 3 to 4 times, and the price will reach about $100,000 to $150,000 in the next year or so.