Bitcoin Halving 2024: The Countdown Begins – What You Need to Know
The Bitcoin halving is here, and the crypto world is buzzing. Every four years, Bitcoin undergoes a “halving” — cutting miner rewards in half. But why does this matter? And what does it mean for your portfolio?
What Is Bitcoin Halving?
Bitcoin’s code is designed to reduce rewards every 210,000 blocks (roughly every 4 years). In April 2024, the reward dropped from 6.25 BTC to 3.125 BTC per block. This slows down new BTC creation, increasing scarcity — a key driver of price over time.
Why It Matters:
Historically, Bitcoin halvings have triggered massive bull runs:
• 2012 Halving → BTC rose from ~$12 to over $1,000.
• 2016 Halving → BTC surged from $650 to nearly $20,000.
• 2020 Halving → BTC exploded from $9,000 to an ATH of $69,000.
What to Expect in 2024–2025:
• Increased institutional demand from ETFs (BlackRock, Fidelity).
• Supply shock as miners receive fewer coins.
• Bullish sentiment from mainstream media.
Pro Tip:
This is not financial advice, but historically, accumulation before and after halving has been a winning strategy. Keep an eye on $BTC, $ETH, and infrastructure coins like $SOL and $AVAX.
Are you ready for the next bull run? Comment below if you’re stacking sats!