When bitcoin halving 2020

The latest and third halving took place in May 2020. The next is expected in 2024. Theoretically, once 21 million bitcoins have been created, no more will be produced.

What date is the next Bitcoin halving?

A Bitcoin halving is when the payout for mining a new block is halved, and this happens after every 210,000 blocks (approximately four years). The first of which happened in 2012, and the next will occur in 2024.

Will Bitcoin increase after halving?

Every Bitcoin user and miner is well-aware of the term Bitcoin halving and what it means to Bitcoin. The halving is the name for one of the most highly anticipated events in Bitcoin’s history. This event affects just how much Bitcoin is in circulation so it doesn’t increase exponentially.

What is Bitcoin halving cycle?

The Bitcoin halving cycle comprises a 1-year bull market, followed by a 1-year bear market and a 2-year recovery period.