Most people think Bitcoin’s total supply and halvings are simple, but this is where it’s easy to get things wrong:
The first three halvings took place in 2012, 2016, and 2020, with the block reward dropping to 25, 12.5, and 6.25 coins, respectively.
Miners’ income comes from two sources: block rewards and transaction fees. After multiple halvings, fees will become increasingly important to their income.
When you see claims that a halving signals a price rise, think one step further: there are very few historical examples to draw on, and many other variables affect the market.
$BTC ’s issuance schedule is written into the protocol; no institution can create extra supply on a whim.
DYOR, and trade rationally.
The first three halvings took place in 2012, 2016, and 2020, with the block reward dropping to 25, 12.5, and 6.25 coins, respectively.
Miners’ income comes from two sources: block rewards and transaction fees. After multiple halvings, fees will become increasingly important to their income.
When you see claims that a halving signals a price rise, think one step further: there are very few historical examples to draw on, and many other variables affect the market.
$BTC ’s issuance schedule is written into the protocol; no institution can create extra supply on a whim.
DYOR, and trade rationally.
