Halving 2020

The third Bitcoin halving occurred in May 2020, reducing the reward to 6.25 bitcoins per block. Key catalysts for the price rise in this period include:

Global Economic Crisis – Economic uncertainty and stimulus measures in response to the COVID-19 pandemic increased interest in Bitcoin as a safe haven.

Increased public awareness – Bitcoin gained greater visibility in the mainstream, with well-known personalities and companies promoting the cryptocurrency.

Significant Institutional Adoption: Large companies and investment funds began investing in Bitcoin as a hedge against inflation and as part of their investment portfolios.