The Halving, 21M Bitcoin, and What it Means for the Next “Bull Run” by@thexp
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The Halving, 21M Bitcoin, and What it Means for the Next “Bull Run”

by Frederic Bonelli7mNovember 12th, 2019
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Bitcoin is programmed to be limited to 21 million, but where does this number come from? When will it be reached? And what is all this talk about a ‘halving’? We are just eight months away from the next (and third) “Block Reward Halving” — the halving of the number of Bitcoins awarded to a miner (or a group of miners) that decrypt the validation key for a new block on the blockchain. The first halving, that decreased from 50 to 25 Bitcoin, occurred on the 26th of November 2012. The second halving (25 to 12.5) occurred on 11th of July 2016. The Bitcoin price rose by +700% in the 12 months prior, and a bull run

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Frederic Bonelli

Frederic Bonelli

@thexp

Author, fund manager, medias owner: all that focused on blockchain, crypto, NFT, web3, AI, Quantum computing and more...

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Frederic Bonelli@thexp
Author, fund manager, medias owner: all that focused on blockchain, crypto, NFT, web3, AI, Quantum computing and more...

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