Built into Bitcoin's code is one of the most powerful supply mechanisms in financial history: the halving. Every 210,000 blocks — roughly every four years — the reward miners receive for confirming transactions is cut in half.
When Bitcoin launched in 2009, miners received 50 BTC per block. In 2012 that dropped to 25. Then 12.5 in 2016. Then 6.25 in 2020. The most recent halving in April 2024 brought it to 3.125 BTC per block. Each time, the rate at which new Bitcoin enters circulation is permanently reduced.
There will only ever be 21 million Bitcoin. The halving enforces this. As new supply slows but demand continues to grow, basic economics pushes the price higher.
Every halving makes Bitcoin harder to mine and more scarce. History shows that price tends to follow scarcity upward — though timing is never guaranteed.
The 2012 halving preceded a rally from $12 to over $1,000. The 2016 halving preceded the run to $20,000. The 2020 halving preceded $69,000.
Based on current block rates, the next Bitcoin halving is expected in 2028. That gives miners today a meaningful window to accumulate Bitcoin before the next supply shock. Every day you wait is a day less of mining at current reward levels.
Stack Bitcoin now while mining rewards are at current levels.
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