When Is the Next Bitcoin Halving in 2024?
The next Bitcoin halving is expected to take place in April 2024. It is difficult to predict the exact date as it depends on the block height. Since halving happens every 210,000 blocks, the next Bitcoin halving is expected to occur in April 2024 when the block height reaches 840,000.
Will the Bitcoin Halving Increase BTC’s Price?
The positive sentiment surrounding Bitcoin Halving has historically been associated with price fluctuations, as some investors anticipate post-halving rally.
While historical patterns suggest Bitcoin prices generally increase after halving events, you should note that this trend is not guaranteed and Binance does not predict future price movements. Price trends will depend on the circumstances surrounding the 2024 Bitcoin Halving event including continued adoption and other factors influencing demand.
Bitcoin Halving History
The mining reward started at 50 BTC per block when Bitcoin was released in 2009. Since then, there have been three halvings. The first Bitcoin halving occurred in November 2012, reducing the mining reward from 50 to 25 BTC. The second halving in July 2016 cut it further to 12.5 BTC. In the third halving in May 2020, the reward was again halved to 6.25 BTC per block. These halvings are integral to Bitcoin's scarcity and inflation control, ensuring that the total supply will never exceed 21 million, aligning with its deflationary principles.
