LIVEThe halving events in Bitcoin's history have been significant milestones ๐:
On 3 January 2009, the reward for mining a block was 50 BTC ๐ฐ.By 28 November 2012, this reward halved to 25 BTC, marking a notable decrease in issuance ๐.Fast forward to 9 July 2016, and miners were rewarded with 12.5 BTC per block, showing a continued reduction in supply ๐ธ.On 11 May 2020, the reward halved again to 6.25 BTC, fueling discussions about Bitcoin's scarcity and value ๐.The next expected halving in April 2024 is anticipated to further reduce the reward to 3.125 BTC, leading to speculations about price movements ๐ or ๐.Looking ahead, the projected halving in 2028 could bring the reward down to 1.5625 BTC, emphasizing Bitcoin's deflationary nature and limited supply ๐.
