With bitcoins next halving a mere 621 days away let’s take a look at some of the past halving’s…
2012 the first halving
2016 the second
2020 the third
The next one 2024 is estimated for APRIL 4th 2024
If anyone is wondering “what is a halving?”
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.
In the 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.
Plenty of time to stack up those sats! Happy investing!
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