BTC inflation rate halves for the fourth time

At block height 840,000 – on April 20th at 2:09 a.m. – Bitcoin successfully passed the fourth halving. Accordingly, the block subsidy has fallen from 6.25 BTC to 3.125 per block found. This also means that miners are under pressure and investors are hoping for rising prices.

During halving, the daily supply of BTC distributed is reduced. Instead of 900 BTC, only 450 BTC are now added per day, assuming an average block time of 10 minutes. All important information about the halving, including expert classifications and market outlook, will be discussed in the YouTube live stream from 9:30 a.m.:

Bitcoin price: This is how BTC developed after the halving

The first halving took place on November 28, 2012. On that day, Bitcoin was trading at $12.35. 150 days later, BTC was already at $127 and a year after the halving it was at $1,003.

The second halving event also had a positive impact on the Bitcoin price. On the day of the halving – July 9, 2016 – Bitcoin was at $650, 150 days later at $758, and a year later at $2,518.

During the third halving on May 11, 2020, Bitcoin was priced at $8,821 on the day of the halving. 150 days after the halving, the crypto reserve currency was trading at $10,943 and a year later, BTC was at $55,986.

At today’s fourth halving, Bitcoin was trading at around $64,000. Where the course will be in 150 or 365 days remains to be seen. However, experts expect significant growth. Buying Bitcoin could be worth it – especially in view of the verifiable scarcity.

You can find out how industry insiders think about the current Bitcoin Halving and what their long-term forecasts are in the free BTC-ECHO Insider Report: Insiders expect these market effects

Bitcoin: Hashrate has risen enormously since the third halving

Due to the recent significant increase in the Bitcoin price, miners were able to expand their reserves. With the reduction in income, the miners are facing a new stress test. Therefore, miners increased the hash rate in advance by investing in new machines.

At the time of writing, the computing power on the Bitcoin network is over 600 exahash per second (EH/s). For comparison: At the third halving in 2020, the hash rate was 114 EH/s. That’s a growth of 426 percent.

Hashrate increases as more miners join the network or mining hardware becomes more powerful. When miners leave the network, the hashrate drops. If the hashrate increases or decreases, the block time becomes shorter or longer. To ensure an average block time of ten minutes, the Bitcoin network automatically adjusts the difficulty every 2,016 blocks – that’s around two weeks.

After the 4th Bitcoin Halving: BTC now a better store of value than gold?

At around 1.7 percent it is inflation Bitcoin is currently at a low level. For comparison: According to the Federal Statistical Office, the inflation rate in Germany for March 2024 at 2.2 percent.

Due to the fourth halving, only 13,500 BTC will be added per month. This affects inflation. Because: Now it is 0.85 percent, how Data Confirm from Bitbo.

The current gold supply, Bitcoin’s physical counterpart, is also constantly inflating. “Gold continues to be mined and mined – over 3,000 tons are added every year. New funding methods will maintain this level for decades,” explains precious metals expert Andreas Kroll to BTC-ECHO. The estimated inflation rate of gold is 1.6 percent – and therefore higher than that of Bitcoin from the next halving. Theoretically, the crypto reserve currency would be the better store of value.

These halvings are coming in the future

Until the next Bitcoin Halving it’s time to wait. The next halving event will take place in about four years – probably in spring 2028.

The last Bitcoin is expected to be found in 2140. Until then, the network will go through over 25 more halvings.