Bitcoin’s halving: a year after the event – what is its impact?
April 2025 marks one year since Bitcoin’s 4th halving, which took place in April 2024. This is the right time to analyze: Did the halving actually have the expected effect?
Thank you for reading this post, don't forget to subscribe!What is Halving?
Every ~210,000 blocks (about 4 years), the reward that miners receive for mining a block is doubled. In April 2024, the reward dropped from 6.25 BTC to 3.125 BTC. This mechanism limits the supply and prevents inflation.
What was the expectation?
In all previous halvings (2012, 2016, 2020), the price of Bitcoin rose significantly in the following year. The outlook was similar in 2024, with targets of $150,000-$200,000 from some optimistic analysts.
What actually happened?
In the 12 months after the halving, Bitcoin went from $60,000 to about $100,000+ – a return of about 70%. This is less in terms of percentages compared to previous cycles, but in dollar terms this is the largest increase in absolute terms.
Is the halfling losing power?
As the value of Bitcoin increases, the percentage of newly created Bitcoins is relatively small relative to the total tradable. Some analysts believe Halving’s influence will play out over time. However, the psychological expectations created by Halving are still an important factor. Read about crossing $100,000.
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