Halving 2016

The second Bitcoin halving took place in July 2016, reducing the reward to 12.5 bitcoins per block. The main catalysts for the price increase in this period include:

Market Maturity – The cryptocurrency ecosystem had matured since the first halving, with more exchanges, financial services and wallets available, making it easier to invest.

Perceived scarcity: The reduction in mining reward renewed the perception of Bitcoin's scarcity, attracting investors seeking assets with gold-like properties.

Growing Institutional Interest – Financial institutions and institutional investors began to show interest in Bitcoin, driving greater adoption and demand.