2020 Halving Date
The Bitcoin halving is one of the most celebrated events in the Bitcoin world.
Key Takeaways
- In the 2020 Bitcoin halving, the Bitcoin block reward dropped from 12.5 to 6.25 BTC per block.
- The Bitcoin 2020 Halving took place on May 11, 2020.
- The next Bitcoin halving is estimated to take place in March or April 2024.
What Happened?
In the 2020 Bitcoin halving, which is the most recent Bitcoin halving, the reward dropped from 12.5 to 6.25 BTC per block.
This means Bitcoin’s inflation rate was cut in half.
Halving 2020 Date
The Bitcoin 2020 Halving took place on May 11, 2020.
What Happened Before the 2020 Halving?
The Bitcoin price hit a low of $3,858.00 USD on March 12, 2020.
In the next two months before the halving, the price would nearly triple and hit $10,000 USD on May 6, 2020, which was 5 days before the halving.
In the chart below, the black vertical line is the day the 2020 halving took place:
What Happened After the 2020 Halving?
Usually, the Bitcoin price goes up shortly after halvings.
And that’s exactly what happened in 2020 after the halving.
By the end of July 2020, Bitcoin’s price came roaring back from its 2020 low of $3,858.00 USD and hit more than $12,100 USD in late July 2020.
By the end of 2020, Bitcoin went on to hit more than $30,000 USD per bitcoin and hit nearly $42,000 per bitcoin by January 2021. This can be seen in the chart below:
Where to Track the 2024 Halving?
You can track the 2024 Bitcoin halving estimated date using our Bitcoin halving countdown clock.
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 halving 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 2012 and 2016 halvings?
You can read about both of those here:
Re-live the 2020 Halving
There were many livestreams of the 2020 halving, including this 12-hour special live-stream. Re-live the 2020 halving and watch below!