🟠On November 28, 2012, at block 210,000, Bitcoin experienced its first halving event: miners’ rewards were reduced from 50 BTC to 25 BTC. This event marked a significant milestone, laying the foundation for the cryptocurrency’s long-term growth.
🟠Halving, envisioned by Satoshi Nakamoto, occurs every four years and will continue until the supply limit of 21 million BTC is reached. After the first halving, Bitcoin’s price surged from $12.20 to over $1,000 by 2013.
🟠The most recent halving, in April 2024, reduced the reward to 3.125 BTC. The next halving is expected in 2028, bringing the reward down to 1.5625 BTC. Today, Bitcoin is trading around $95,612, remaining close to its all-time high of $100,000.