There are only 12 days left until Bitcoin's fourth halving, and the cryptocurrency market is in a frenzy. This historic event, scheduled to occur on April 20, 2024, will be an important milestone in the history of Bitcoin, impacting the economy and creating excitement among investors.
However, historical data shows that Bitcoin's value has skyrocketed after each halving, sometimes reaching an astounding increase of up to 8,000%. In a post by Let's dive in.
past record
Previous Bitcoin halvings have seen significant price spikes, reflecting the profound impact this event had on network dynamics. During the first halving in November 2012, Bitcoin's price rose an astonishing 9,500% from $12 to $1,166 in less than a year. Similarly, his second halving in July 2016 sparked a bull market, pushing Bitcoin's price close to his $20,000 mark, representing a 4,100% increase.