Bitcoin Halving: Historical Trends
Bitcoin halvings reduce the reward for miners, limiting new coin supply. Here's what typically happens:
* 2012: Price rose from $12 to $964 within a year.
* 2016: Price rose from $663 to $2550 within a year.
* 2020: Price rose from $8740 to $55801 within a year.
2024: The Upcoming Halving
With the current price around $64000, will history repeat itself? It's impossible to guarantee, but past trends suggest potential for significant price increases after the halving.
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