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Progress to Next Halving—%
Last Halving: Apr 2024Next Halving: ~Apr 2028

What is the Halving?

The Bitcoin Halving is a pre-programmed event that occurs every 210,000 blocks (roughly every 4 years). It reduces the reward miners receive for securing the network by 50%.

Supply Shock

By cutting the new supply of Bitcoin in half, the halving creates a psychological and economic supply shock that historically precedes major price runs.

Fixed Scarcity

The halving ensures that Bitcoin's total supply never exceeds 21 million, making it a "hard money" asset compared to fiat currency.

Halving History

Comparing the impact of previous halving events.

Year Block Reward Price at Halving Price 1yr Later % Increase
2012 25 BTC $12 $1,100 +9,066%
2016 12.5 BTC $650 $2,500 +284%
2020 6.25 BTC $8,800 $56,000 +536%
2024 3.125 BTC $63,000 TBD
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