What is a block halving event?
As part of Bitcoin's coin issuance, miners are rewarded a certain amount of bitcoins whenever a block is produced (approximately every 10 minutes). When Bitcoin first started, miners were rewarded 50 bitcoins per block. After approximately 210,000 blocks are mined (approximately every 4 years), the block reward halves, and this halving process continues until the block reward per block reaches 0 (approximately around 2140).
As of now, the block reward is 6.25 bitcoins per block and will decrease to 3.125 bitcoins per block after the halving.
Past Bitcoin Halving Events
First Halving
On November 28, 2012, the day of the first halving, the price of Bitcoin was around $12. Six months later, around May 28, 2013, the price surged to around $130, showing remarkable growth.
Second Halving
On July 9, 2016, the day of the second halving, the price of Bitcoin was approximately $660. Around January 9, 2017, the price rose to around $900, experiencing significant growth within six months.
Third Halving
On May 11, 2020, the day of the third halving, the price of Bitcoin was around $8,600. Six months later, around November 11, 2020, the price surpassed $15,700.
What can we do at DigiFinex before the BTC halving?
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Trade BTC and await potential BTC appreciation after the BTC block halving: https://www.digifinex.com/en-ww/trade/USDT/BTC?type=App
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Invest in BTC-related financial products: https://www.digifinex.com/en-ww/n/fund/flexi/index?type=App
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