The market king.
The OG of cryptos, Bitcoin has performed impressively over the years and passed the test of time, with crypto-hungry investors still swearing by it to this day.
View the annual performance of BTC/USD, the cryptocurrency launched in 2009
Every crypto-investor has the Bitcoin Halving marked on their calendars. The next event is expected to take place in April 2024.
Past performance is not necessarily a reliable indicator of future results.
Speculation, increased trading volumes and high volatility
Three Halvings have already taken place since Satoshi Nakamoto produced the Bitcoin genesis block, and all of them have been surrounded by enormous speculation, leading to a sharp increase in trading volumes, high volatility and a massive soar in Bitcoin’s price.
When Bitcoin creator(s), Satoshi Nakamoto, produced the Bitcoin genesis block back in 2009, they instituted halving events every 210’000 blocks until the number of Bitcoin in circulation reaches its limit, at 21 million. This event, which is coded into Bitcoin’s system and takes place approximately every 4 years, automatically reduces the amount of newly created Bitcoin entering circulation.
Event | Date | Block number | Reward |
---|---|---|---|
Launch of Bitcoin | 3 January 2009 | 0 | 50 BTC |
First halving | 28 November 2012 | 210'000 | 25 BTC |
Second halving | 9 July 2016 | 420'000 | 12.5 BTC |
Third halving | 11 May 2020 | 630'000 | 6.25 BTC |
Fourth halving | Expected on 20 April 2024 | 840'000 | 3.125 BTC |
Fifth halving | Expected 2028 | 1'050'000 | 1.5625 BTC |
Sixth halving | Expected in 2032 | 1'260'000 | 0.78125 BTC |