Bitcoin Halving 2024 – What is it and what will be its impact on the market?
What is Bitcoin Halving?
Bitcoin Halving is an event that occurs every four years, in which the number of new Bitcoins created is halved. This means that miners receive fewer BTC for each block, which reduces the supply and often sees a price increase.
When will Bitcoin Halving 2024 happen?
Bitcoin’s next halving event is expected in April 2024, when block number 840,000 will be mined. After this halving, miners will receive only 3.125 BTC per block instead of 6.25 BTC.
What was the impact on the price of Bitcoin after halving in the past?
If we review the previous Halving Events, we see a Bullish Trend:
📌 2012 Halving (50 BTC ➝ 25 BTC)
• Bitcoin was worth $12, and reached $1,000+ in a year!
📌 2016 Halving (25 BTC ➝ 12.5 BTC)
• BTC was worth $650, and in 2017 it went up to $19,000!
📌 2020 Halving (12.5 BTC ➝ 6.25 BTC)
• BTC was at $8,500, and made an ATH of $69,000 a year later!
Will it be the same after 2024?
Historically, every halving has seen a price increase due to a supply shock. If this pattern continues, Bitcoin could set a new all-time high in 2025.
What should be done now?
✅ Long-term investment: If you want to HODL, you can enter before the Halving.
✅ Keep an eye on Altcoins: Some Altcoins also perform very well after the Halving.
✅ DYOR (Do Your Own Research): Always do your own research and avoid FOMO!
🚀 Don't have an account on Binance? Join now!
If you also want to benefit from crypto trading and investing, register on Binance and get a discount on trading fees when you join through my link! 👇👇
🔗 Join Binance Now
📢 Learn, Trade and Earn Crypto!
What is your opinion?
Do you think Bitcoin will cross $100K after the 2024 Halving?
Tell us your prediction in the comments! ⬇
