In just a few weeks, Bitcoin’s block rewards will halve from 12.5 BTC to 6.25 BTC. With the Bitcoin Cash and Bitcoin SV halvings already executed, the anticipation for Bitcoin’s halving is at an all-time high according to google’s search trends (see below).
Bitcoin Having Interest over the last 5 Years – Google Search Trends
Bitcoin started out with 50 BTC being created with each block, which took 10 minutes to mine, with the rate being cut in half every four years., In 2012, the amount of new Bitcoin issued every 10 minutes dropped from 50 Bitcoin to 25. In 2016, it dropped from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25.
Below we’ve included a chart put together by CoinDesk and CoinMetrics, which shows what the price of Bitcoin looked like a year before the previous halvings and what it looked like a year later.
For the full Q1 2020 Quarterly Report from CoinDesk click here: CoinDesk Q1 2020 Report
