What is Bitcoin Halving Day ? The Day of Bull Run
Bitcoin, the first cryptocurrency in the world always halving every 4 years and after months in every halving day, the price is surge like a rocket. Based on the history , bitcoin was halving on 2012,2016, and 2020. The first halving was happened on 28 November 2012, the block reward was cut to 25 BTC per block. This also happened on 9 July 2016 when block reward halved to 12.5 BTC and 11 May 2020 when block reward was halved again to 6.25 BTC. And now, Bitcoin will continue its next halving journey on 2024. What is Bitcoin Halving ? Bitcoin halving is the reducement of block reward for bitcoin miners, so miners will get half of the reward before after the halving day. This will increase bitcoin scarcity and its price. Bull Run Believe it or not, 1 year after the halving day is the year of bull, Bitcoin price always up multiple times from its all time high. For example on 2013, after Bitcoin halving on 2012, Bitcoin price increase around 10 times from normal price at the time, Fro...