Bitcoin Halving 2024: Impact on Price and Mining Rewards

Published: 20.04.2024

Article reading time:
1 minute.

On April 20, the Bitcoin network saw the fourth block reward in the history of the first digital currency. The event occurred at block 840,000.

The miner who mines the next block, 840,001, will receive a reward of 3.125 bitcoins, and not 6.25 like the last four years. The daily supply should be about 450 BTC against 900, and the annual supply, due to the halving, should drop to about 0.85% of the total supply of 21 million coins. Now about 93.7% of BTC is mined.

According to the opinion of the creator of Bitcoin Satoshi Nakamoto, it should lead to a shortage of the first cryptocurrency and, according to the law of the market, an increase in value. What and happening: in the second cycle, Bitcoin increased in price compared to the first by 54 times, in the third by 13 times, in the fourth by eight times.

Real whistleblowers from the influential, one of the world’s largest American investment banking holding JPMorgan on the eve of namethat, against the expectations of optimists, Bitcoin becomes cheaper just after the halving.