Definition
Halving is a programmed event in the Bitcoin network where the reward for mining a new block is reduced by exactly 50%. It occurs every 210,000 blocks, approximately every 4 years.
Bitcoin Halving History
| Halving | Date | Reward Before | Reward After | BTC Price |
|---|---|---|---|---|
| 1 | November 2012 | 50 BTC | 25 BTC | ~$12 |
| 2 | July 2016 | 25 BTC | 12.5 BTC | ~$650 |
| 3 | May 2020 | 12.5 BTC | 6.25 BTC | ~$8,500 |
| 4 | April 2024 | 6.25 BTC | 3.125 BTC | ~$64,000 |
| 5 | ~2028 | 3.125 BTC | 1.5625 BTC | ? |
Why Halving Matters
- Deflation — fewer new Bitcoins enter circulation
- Scarcity — less supply with growing demand
- Historical growth — price has increased significantly after each halving
- Predictability — the date is known in advance
Price Impact
Historically, each halving has been followed by a bull market:
- After 1st: growth from $12 to $1,100 (9,000%)
- After 2nd: growth from $650 to $20,000 (3,000%)
- After 3rd: growth from $8,500 to $69,000 (700%)
When is the Next Halving?
The next (5th) Bitcoin halving is expected around 2028. Track the countdown on our Halving Countdown page.
How to Prepare
Many investors start accumulating Bitcoin early using DCA strategy to be ready for potential post-halving growth.
