The thequantum ai began in 2009 – 2010 when it was worth only 0.10 cents on the dollar. Unbelievable, isn’t it?
Very few people know the history of Bitcoin, how it is configured from the beginning and how often halvings are performed to reduce its issuance, among other important aspects of this currency.
If you are interested in knowing when the next Bitcoin halving, how you can take advantage of it and how to invest in it, you are in the right article. Keep reading!
What is bitcoin halving?
Possibly, if you are new to the world of cryptocurrencies you do not know what a bitcoin halving is. But, don’t worry, below, we will give you all the necessary information.
When we refer to bitcoin halving, it is the halving of the reward for mining new blocks of the cryptocurrency, in this case, Bitcoin.
Every 4 years, Bitcoin miners suffer a halving of their rewards (-50%) for mining, i.e. verifying the transparency of network transactions.
And, how often does a bitcoin halving occur? Generally, it happens every 4 years automatically or, specifically, every time the goal of 210,000 mined blocks is exceeded. When this goal is reached, the rewards are halved and the block count continues (up to approximately 4 more years).
Bitcoin halving is an important event for the market and investors, but we will tell you more about it later.
All bitcoin halving
Below, we will detail you all the bitcoin halving and how the rewards will look like with the next ones.
Bitcoin Launch
– Date: January 3, 2009
– Block number: 0.
– Block reward: 50 BTC.
– Total Bitcoin mined: 10,500,000 BTC.
Second halving
– Date: November 28, 2012
– Block number: 210,000
– Reward per block: 25 BTC
– Total Bitcoin mined: 5,250.00 BTC
Third halving
– Date: July 9, 2016
– Block no.: 420,000
– Reward per block: 12.5 BTC
– Total Bitcoin mined: 2,625,000
Fourth halving
– Date: May 11, 2020
– Block number: 630,000
– Reward per block: 6.25 BTC
– Total Bitcoin mined: 1,312,500 BTC
Fifth halving
– Date: Mid 2024
– Block no.: 840,000
– Reward per block: 3.15 BTC
– Total Bitcoin: 656,250 BTC
Sixth halving
– Date: Mid 2028
– Block No.: 1,050,000
– Reward per block: 1.56 BTC
– Total Bitcoin: 328,125 BTC
As we can visualize in these simple statistics, in 9 years, in mid-2032, Bitcoin will have a reward per mining of less than 1 BTC, i.e., it will drastically reduce its issuance compared to any FIAT currency of a government, be it dollars, euros or pounds.
Why are bitcoin halves so important for the market?
In all the bitcoin halves that have happened, days later, big rallies were recorded for 1 or 2 consecutive months.
If we follow the pattern of the last 3 halvings performed, everything indicates that we will have a bullish 2024 with new highs. But, do past results assure sure results? No.
For this reason, this information is not an investment recommendation; we only tell what has happened previously with bitcoin halving. Is it possible that BTC will reach new highs in 2024 – 2025? Yes, but also, it may not.
The world economy also affects bitcoin and, usually, the effects are correlated. For this reason, if you want to invest before the 2024 halving it is advisable to do your research.
Conclusion on bitcoin halving
Unlike FIAT currencies such as the dollar, euro or pound, bitcoin has a limited supply of 21,000,000 coins.
This creates scarcity in the market and, consequently, every 4 years the price of bitcoin usually increases as investors see it as a haven of value. With all the information provided in this article, what do you think will bitcoin reach new highs in 2024 or 2025? We read you.
