{"id":1035079,"date":"2024-03-28T16:30:26","date_gmt":"2024-03-28T20:30:26","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?page_id=1035079"},"modified":"2026-05-27T15:53:21","modified_gmt":"2026-05-27T19:53:21","slug":"bitcoin-halving","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/cryptocurrency\/bitcoin-halving","title":{"rendered":"Bitcoin halving countdown: What does it mean for bitcoin\u2019s price?"},"content":{"rendered":"

When is the next Bitcoin halving? Countdown clock to the 2028 halving<\/h2>
DD<\/div>
DAYS<\/div><\/div>
HH<\/div>
HOURS<\/div><\/div>
MM<\/div>
MINUTES<\/div><\/div>
SS<\/div>
SECONDS<\/div><\/div><\/div><\/section>

Approximately every four years, the Bitcoin network experiences a halving\u2014an event that has historically preceded a bitcoin bull run.<\/p>

So, what exactly is this event, and why has it positively impacted bitcoin\u2019s price<\/a>?<\/p>

How does Bitcoin halving work?<\/h3>

Bitcoin\u2019s monetary policy is programmatic and built into the protocol\u2019s code. There will only ever be 21 million bitcoins, and the schedule for which these bitcoins are mined\u2014or brought into existence\u2014was established in the original design of Bitcoin.<\/p>

Every 10 minutes or so, a Bitcoin block is mined. A block is filled with records of transactions that occurred on the Bitcoin network. To mine a block, a Bitcoin miner must contribute computational power to the network. For contributing this power, Bitcoin miners earn a block reward\u2014a set amount of bitcoin<\/a> for each block they mine.<\/p>

After every 210,000 blocks\u2014about 4 years\u2014the block reward size is cut in half. For the first 210,000 blocks, the block reward was 50. After the next 210,000 blocks, the reward was cut to 25 and so on.<\/p>

Why does Bitcoin halving occur?<\/h3>

The halving occurs to control the number of new bitcoins that come to market and to keep bitcoin a scarce asset.<\/p>

Because Bitcoin\u2019s inflation is controlled and decreases over time, the asset\u2019s price should continually increase\u2014at least theoretically.<\/p>

Thus far, this dynamic has played out, and it should continue to play out as Bitcoin becomes more widely adopted.<\/p>

When is the next Bitcoin halving?<\/h3>

The fifth Bitcoin bull run should happen around April 17, 2028.<\/p>

The fourth Bitcoin halving occurred on April 19, 2024, when the Bitcoin blockchain reaches block height 840,000. The block reward were cut from 6.25 to 3.125 bitcoins.<\/p>

Only about 6.5% of the total supply of bitcoin will be left to be mined after the 2024 halving.<\/p>

How does the Bitcoin halving influence bitcoin\u2019s price?<\/h3>

The reduction in the number of bitcoins produced every 10 minutes creates a supply shock, causing bitcoin\u2019s price to rise.<\/p>

Prices are determined by the law of supply and demand. When the supply of an asset decreases and the demand for that asset stays the same or increases, the asset\u2019s price increases.<\/p>

Bitcoin was designed to be a deflationary asset, like gold. Throughout history, the price of gold has risen. Theoretically, the same should be true for bitcoin moving forward.<\/p>

And bitcoin has its biggest price spurts right after halvings\u2014which is why savvy investors like to buy bitcoin<\/a> before halvings.<\/p>

First Bitcoin halving \u2014 November 28, 2012<\/h4>

Bitcoin experienced a dramatic price increase in the year following its first halving.<\/p>

It climbed from US$12.20 on the day of the halving to over US$1,000 within the year.<\/p>