Halving
MarketsDefinition
Programmed event in the Bitcoin protocol that cuts the mining reward in half approximately every 4 years (every 210,000 blocks). Slows new supply growth — Bitcoin is currently at 6.25 BTC per block (post-2024 halving: 3.125 BTC).
Historical pattern: 12-18 months after each halving, Bitcoin enters a parabolic bull run as supply shock outweighs demand. 2012 → 2013 peak, 2016 → 2017 peak, 2020 → 2021 peak, 2024 → ?
Historical pattern: 12-18 months after each halving, Bitcoin enters a parabolic bull run as supply shock outweighs demand. 2012 → 2013 peak, 2016 → 2017 peak, 2020 → 2021 peak, 2024 → ?