| Block | Date | Price +1yr |
|---|---|---|
| 210,000 | Nov 28, 2012 | $1,000 |
| 420,000 | Jul 9, 2016 | $2,800 |
| 630,000 | May 11, 2020 | $56,000 |
| 840,000 | Apr 19, 2024 | TBD |
| 1,050,000 | ~2028 | TBD |
What Is the Bitcoin Halving?
The Bitcoin halving is a pre-programmed event that cuts the block reward paid to miners in half approximately every 210,000 blocks — roughly every four years. When Bitcoin launched in 2009, miners received 50 BTC per block. After four halvings, that reward has been reduced to 3.125 BTC. The next halving will cut it to 1.5625 BTC.
The halving is enforced at the protocol level by Bitcoin's code and cannot be changed without consensus from the entire network. It is one of the core mechanisms that makes Bitcoin disinflationary: the total supply is capped at 21 million BTC, and the rate of new issuance slows with each halving until the last Bitcoin is mined around 2140.
Historically, each halving has been followed by a significant bull market as the reduction in new supply collides with steady or growing demand. However, past performance is not a guarantee of future results — the market is complex and influenced by many factors beyond the halving.
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