What To Expect For Bitcoin After The Halving? | Learn

It’s the day the crypto community has all been waiting for – the Bitcoin halving is finally here! Investors and crypto enthusiasts alike eagerly awaited this event, anticipating its arrival since the last halving in 2020. But what exactly makes the Bitcoin halving such a significant event, and what's driving the excitement?

What is Bitcoin Halving?

Every four years, Bitcoin undergoes a programmed event called “the halving,” which reduces the daily issuance of new Bitcoin being created and paid out to miners who secure the Bitcoin network. This event occurs because Bitcoin is programmed to have only 21 million Bitcoins ever created, similar to how gold has a limited supply.

What To Expect Post Halving?

Following the Bitcoin halving, the initial reaction is marked by loud enthusiasm. Speculations hint at a possible surge in crypto assets. Then, all financial news outlets extensively cover the event, emphasizing its significance.

However, it’s important not to set expectations too high right away.

While the halving may initially trigger a slight rise in prices, historical trends indicate that it takes time for this increase in value to fully occur. Therefore, while an immediate spike might not occur, it does not negate the potential for future growth.

Long-Term Outlook: 12-18 Months Post-Halving

The correlation between Bitcoin halving events and its price can be comprehended by examining the principles of supply and demand. When the supply of newly minted Bitcoins decreases and demand rises, the resulting scarcity can drive a price surge although other factors may also influence this trend.

Historically, about one year after the halving, Bitcoin’s price tends to reach new highs.

Let's take a look at Bitcoin’s price during and after the last three halving events.

The First Halving - November 2012

Price of Bitcoin During the Halving: ∼$12
12 Months After the Halving: ∼$1,100

The Second Halving - July 2016

Price of Bitcoin During the Halving: ∼$650
17 Months After the Halving: ∼$18,000

The Third Halving - May 2020

Price of Bitcoin During the Halving: ∼$8,500
18 Months After the Halving: ∼$69,000

The Fourth Halving - April 2024

Price of Bitcoin During the Halving: ∼$64,000
Price of Bitcoin After the Halving: To be determined…

Bitcoin in Crypto IRAs

Now that the fourth Bitcoin halving has occurred, where will Bitcoin head next? Investors and crypto enthusiasts are taking advantage of this moment before we could see a surge in its price. Recently, there has been a notable increase in Bitcoin transactions within tax-advantaged crypto IRAs at iTrustCapital. Sign up today, and gain access to iTrustCapital’s easy-to-use platform, available 24/7, preparing you to buy and sell Bitcoin with confidence.

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