With the next bitcoin halving expected to happen in May 2020, the time has come for investors to start paying attention to the historical patterns:
Firstly, what does Halving mean? The Halving is when the network reduces the reward by 50 percent. Halvings happen at intervals of 210,000 blocks, which is roughly once every four years.
Bitcoin miners currently receive 12.5 BTC each time they successfully mine a block. By the end of May 2020 (the next Halving) they will instead earn just 6.25 BTC.
Unlike fiat currencies, which are generally inflationary, the upper limit for Bitcoin‘s supply is 21 million. Once the network reaches that limit, no more Bitcoin can be generated.
The idea behind the constant Halving is to ensure Bitcoin doesn’t suffer from intense inflation as it’s distributed.
Price one year before first halving : $2.55
Price one year after first halving : $1,037
Price one year before second halving : $268
Price one year after second halving : $2,525
Price one year before third halving: Currently $3,907
Price one year after third halving : Be prepared!
*All prices represented in USD
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