Bitcoin Halving 2020 Price Chart And Date [Countdown Timer]

Experts predict that it might be the last chance to own a whole BTC.

This is because of twofold reasons, and they are:

• The upcoming Bitcoin halving
• The Bitcoin bull run

These two facts are the ultimate reality in the Bitcoin realm; thus they play a very critical role in making us realize the eventual scarcity of Bitcoin assets.

However, the upcoming Bitcoin halving is less than 30 days away, and currently, Bitcoin is trading around $6000-8000 mark.

This price range is still affordable to the general masses, but after Bitcoin halving, you will see that people will only buy fractions of a BTC merely because they will not be able to afford a whole BTC.

So if you:

• Are you looking to invest in Bitcoin?
• Are you speculating a price increase in Bitcoin?
• Want to know about the next BTC halving?

Well, then you are in the right place because today in this article we are going to talk about Bitcoin halving, its dates, price predictions, and its impact at length.

So stick around with me till the end while I start with Bitcoin halving’s introduction:

What is Bitcoin Halving?

Before diving into Bitcoin halving, let’s first understand halving itself because halving is not something that is specific only to Bitcoin.

Halving is a common phenomenon that happens at regular intervals in proof of work cryptocurrencies, and in layman terms, it means that:

Halving is a 50% reduction in block reward after a certain number of blocks have been mined, and the block reward is the number of coins received in reward by a miner for successfully mining a correct block. See our guide on Bitcoin mining explained !!

Let’s take the example of Bitcoin:

In Bitcoin, a miner mines a successful block every 10 minutes and receives 12.5 BTC as a block reward. After the next halving of Bitcoin, this block reward will get reduced to 6.25 BTC, and this halving in Bitcoin happens after every 210,000 blocks have been mined on the Bitcoin’s blockchain.

A similar, thing happens with Litecoin too, where Litecoin miners mine a Litecoin block every 2.5 minutes and receive 25 LTC as a block reward.

But in the upcoming Litecoin halving, this block reward will get halved to 12.5 LTC, and this halving happens after every 840,000 blocks.

So this is Bitcoin halving.

Now I know that many of you would want to know when the next Bitcoin halving is? So that you can capitalize on this opportunity!!

And why not also when this is ultimately a game of demand and supply which is a clear indication that Bitcoin’s price might increase given the resultant decrease in the two of Bitcoin.

So let’s dwell on it and find out the dates as well as the price prediction of Bitcoin after halving…

Bitcoin Halving Dates History

Bitcoin halving history suggests that the last Bitcoin halving happened in July 2016, and it happens in roughly every four years.

So by that logic, the next Bitcoin halving day is slated to come on May 2020 (ETA date: 24 May 2020 16:54:12) and this time the Bitcoin’s block reward will get reduced from 12.5 BTC to 62.5 BTC for the next 210,000 blocks.

With these parameters you can predict the next subsequent halvings and be prepared for it:

Bitcoin Halving Schedule	Tentative Month	Bitcoin Block Reward Halving
2020	May 2020	12.5 BTC
2024	May 2024	6.25 BTC
2028	May 2028	3.125 BTC

Regarding price predictions, it is tough to say what will be the price of Bitcoin at a certain point in time, but some brave price prediction experts have dared to forecast Bitcoin’s worth after the upcoming halving in 2020.

FIL₿FIL₿–An independent crypto trader and analyst have come up with exciting Bitcoin price numbers.

He has released a chart of historical Bitcoin prices actions combined with the halving year after effects. This is an interesting one because I too have developed the same kind of valuation model for myself.

According to this chart, by the end of 2019, we should be somewhere around $7900 mark and later when the 2020 Bitcoin halving kicks-in that should take Bitcoin to $15000 levels and finally in between 2022 we should reach the $333,000 mark per Bitcoin.

Also, Bitcoin’s halving history gives us a glimpse of how it may play out in the end because every time after the halving happens the Bitcoin price goes to the moon.

Of course, the price action is not very immediate to spot, but it reaches the all-time high in 10-12 months post the halving.

CoinDesk Markets analysis also shows this:

• – 1st halving (11/28/2012): Price bottomed 378 days before then rose 510%
• – 2nd halving (07/09/2016): Price bottomed 539 days before then rose 309%
• – 3rd halving (~05/25/2020): Roughly 497 days until halving

When Will The Last Bitcoin Mined?

So if you drill down mathematically and try to get projections for the ending of rewards in Bitcoin mining, you will get these figures suggesting that the last Bitcoin will be mined in the year 2140.

Of course, none of us will be alive at that time, but it marvels me, how Satoshi Nakamoto was able to program digital scarcity in Bitcoin by the use of proof of work and maths.

Start of Period	Halving	Est. End of Period [Bitcoin Halving Time]	First Block	Reward per Block [Satoshi]
2009	0	2012	0	0
2013	1	2016	210000	210000
2016	2	2020	420000	420000
2020	3	2024	630000	630000
2024	4	2028	840000	840000
2028	5	2032	1050000	1050000
2032	6	2036	1260000	1260000
2036	7	2040	1470000	1470000
2040	8	2044	1680000	1680000
2044	9	2048	1890000	1890000
2048	10	2052	2100000	2100000
2052	11	2056	2310000	2310000
2056	12	2060	2520000	2520000
2060	13	2064	2730000	2730000
2064	14	2068	2940000	2940000
2068	15	2072	3150000	3150000
2072	16	2076	3360000	3360000
2076	17	2080	3570000	3570000
2080	18	2084	3780000	3780000
2084	19	2088	3990000	3990000
2088	20	2092	4200000	4200000
2092	21	2096	4410000	4410000
2096	22	2100	4620000	4620000
2100	23	2104	4830000	4830000
2104	24	2108	5040000	5040000
2108	25	2112	5250000	5250000
2112	26	2116	5460000	5460000
2116	27	2120	5670000	5670000
2120	28	2124	5880000	5880000
2124	29	2128	6090000	6090000
2128	30	2132	6300000	6300000
2132	31	2136	6510000	6510000
2136	32	2140	6720000	6720000
2140	33	2144	6930000	6930000

What Can be The Effect Of Bitcoin Split In 2020?

Bitcoin halving or also known as halvening of Bitcoin can have multiple effects not only on Bitcoin but on the global economy.

We all know that Satoshi Nakamoto made Bitcoin because he was frustrated by the workings of central bankers who always print money to stimulate the economy and eventually destroy the wealth of common people.

If the Bitcoin experiment survives for another 10 years, we would have seen by then 2 more halvings after the halving of 2020 and I believe by then most of the fiat will flow into Bitcoin and eventually monetizing Bitcoin to unprecedented levels.

And this will ultimately either destroy central bankers or atleast keep a forceful check on them and their inflationary policies, eventually leading to a fairer world.

So that’s all from us in the introductory article on Bitcoin halving, and we hope this gives you a glimpse of a world where Bitcoin thrives.

If you liked this article, do share it with your friends who are still not aware of the Bitcoin miracle !!