Brief Of Halving 2012 And Halving 2016

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Since the launch of Bitcoin in 2009, the halving of 2020 was a third-time event. Previously, halving took place in July 2016 when rewards halved from 25 BTC to 12.5 BTC, and the first time it took place in November 2012 when the initial reward of 50 BTC was halved to 25 BTC. Both the halving effects impacted the price of BTC resulting in 81 times in 2012 and 30 times in 2016 within the duration of almost 18 months, thereby creating the bull run. The point could be noted that immediate impact was not noticed but the long term trend in the surging prices of Bitcoin prices was noticed in both the events. When new buyers came into the market and demanded for Bitcoins, the prices were raised. It can be employed that actually controlled supply did not affect the price but demand for Bitcoins influenced the prices, following the simple law of “Price-Demand” of traditional markets.