Bitcoin halving (2024)

FAQs

What date is the Bitcoin halving? ›

Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply. Bitcoin last halved on April 19, 2024, resulting in a block reward of 3.125 BTC. The final halving is expected to occur in 2140, when the number of bitcoins circulating will reach its maximum supply of 21 million.

Notice: The previous Bitcoin halving officially completed on April 20th, 2024 at 12:09 am UTC. This page is now tracking the next halving which is projected to occur in mid 2028.

When Bitcoin undergoes a halving, the number of new Bitcoins that are made gets cut in half. Said differently, there's a 50% reduction in the reward miners receive for validating transactions and adding them to the blockchain.

Why should you know how many bitcoins exist and how many are left to mine? Limited Supply: Bitcoin has a maximum supply of 21 million coins, and as of March 2023, more than 19 million have been mined. Remaining bitcoins: There are approximately 1.5 million bitcoins left to be mined.

"While many participants are focused on the historical impact that halvings have had on the BTC price, few are talking about how long this typically takes to come to fruition. Each halving has resulted in peak prices (prior to a big correction) between 10 and 16 months from the actual event.

The monetary policy of Bitcoin allows for a total of 32 halvings of which three took place since its inception. So, there are 29 halvings left which amounts to roughly 116 years.

Our most recent Bitcoin price forecast indicates that its value will increase by 12.25% and reach $73,920 by May 17, 2024. Our technical indicators signal about the Bullish Bullish 90% market sentiment on Bitcoin, while the Fear & Greed Index is displaying a score of 64 (Greed).

Specifically, as per Bitcoin Price Prediction 2028, the potential BTC price range in 2028 is $174,063 to $192,908. The average price is also expected to be $183,485, demonstrating continued positive momentum.

Bitcoin BTC/USD price history up until May 17, 2024

Bitcoin (BTC) price again reached an all-time high in 2024, as values exceeded over 73,000 USD in March 2024.

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.

What will bitcoin be worth in 2030? ›

Bitcoin (BTC) Price Prediction 2030

According to your price prediction input for Bitcoin, the value of BTC may increase by +5% and reach $ 90,254.96 by 2030.

As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.

In addition to Cathie Wood of Ark Invest, who famously predicted a $1 million price in 2022, there's now Jack Dorsey, co-founder and former CEO of Twitter. In a recent interview, Dorsey suggested that Bitcoin is going to "at least a million" by 2030.

Because Bitcoin is so powerful and has so much potential, Bitcoin's projected value and estimated growth could be astronomical. Speculation from crypto analysts and industry experts suggests that Bitcoin's long term value could reach over $100,000 to as much as one million dollars per BTC in the future.

Bitcoin halving is when the reward for bitcoin mining is cut in half. Halving takes place every four years. The next halving is expected to occur sometime in 2028. The halving policy was written into bitcoin's mining algorithm to counteract inflation by maintaining scarcity.

The shortest possible time to mine 1 Bitcoin is about 10 minutes. This is because a new block is added to the Bitcoin blockchain approximately every 10 minutes. When a miner adds a new block to the Bitcoin blockchain, they receive a 3.125 BTC reward (approx. $207,000 as of writing).

There are 100 million satoshis in one bitcoin, so one satoshi is 0.00000001 BTC.