2012 Bitcoin Halving Date & Price History


The Bitcoin halving is a very important event that happens every four years on the Bitcoin network.

The 2012 Bitcoin halving in particular was incredibly exciting because it was the first of the 3 halvings we have had since Bitcoin started in January of 2009.

Let’s take a look!

Key Takeaways

  • In the 2012 Bitcoin halving, the Bitcoin block reward dropped from 50 to 25 BTC per block.
  • The Bitcoin 2012 Halving took place on November 28, 2012.
  • The next Bitcoin halving is estimated to take place in March or April 2024.

What Happened?

In the 2012 Bitcoin halving, which was the first Bitcoin halving, we saw the reward drop from 50 to 25 BTC per block.

This means Bitcoin’s inflation rate was cut in half.

Halving 2012 Date

The Bitcoin 2012 Halving took place on November 28, 2012.

➤ MORE: 2024 Bitcoin Halving Countdown

What Happened Before the 2012 Halving?

Between January 3rd, 2009 (the start date of Bitcoin) to November 27, 2012, Bitcoin went from being worthless (in terms of dollar value) to around $12.25.

2012 btc price
The Bitcoin price chart from the date Bitcoin was created to late November 2012.

What Happened After the 2012 Halving?

Usually, the Bitcoin price goes up shortly after halvings.

And that is exactly what happened after the 2012 halving event.

From November 28, 2012, and around Early April 2013, Bitcoin steadily rose, peaking at $230, then quickly dropping back down to around $68.

2012 btc price
The Bitcoin price chart from November 2012 through April 2013.

Then the horses were off to the races…

Over the next 8 months, Bitcoin shot up to over $1,100 before sloping off once more until after the next halving in 2016.

And that is more or less what happened after the 2012 halving.

btc price 2017
The Bitcoin price chart from April through December 2013.

Where to Track the 2024 Halving?

You can track the 2024 Bitcoin halving estimated date using our Bitcoin halving countdown clock.

2024 halving countdown
Buy Bitcoin Worldwide's Bitcoin 2024 halving countdown page.

We estimate the 2024 halving date based on live Bitcoin network data, ensuring an accurate estimate.

Predictions for 2024 Halving

The 2024 halving will likely create tons of media hype and interest in Bitcoin.

We’ve seen price predictions from Chase bank analysts as high as $120,000 and even Adam Back, CEO of Blockstream make bets that Bitcoin will reach at least $100k.

The 2024 halving is important because it is the year Bitcoin’s inflation rate will finally go below gold, making it the scarcest money to ever exist.

What happened in the 2016 and 2020 halvings?

You can read about both of those here:

➤ MORE: 2016 Bitcoin Halving Date & Price History

➤ MORE: 2020 Bitcoin Halving Date & Price History

Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. BitBo.io - Bitcoin Halving History, https://charts.bitbo.io/halving-progress/
  2. Bloomberg - Bitcoin Is Set to Quadruple to $120,000 by End of 2024, Standard Chartered Says, https://www.bnnbloomberg.ca/bitcoin-is-set-to-quadruple-to-120-000-by-end-of-2024-standard-chartered-says-1.1943809
  3. Twitter - Adam Backs $100k Bitcoin Bet, https://twitter.com/adam3us/status/1687867034158440448

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.

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