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When the 2012 halving occurred, the price of Bitcoin was $12.
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The halving positions bitcoin as a beacon of predictability.
On November 28, 2012, an event occurred that went unnoticed by most people: bitcoin (BTC) had its first halving.
At that time, the price of BTC It was around 12 dollars.and its network was still an experiment reserved for developers and the curious.
At that time, Bitcoin was far from the global phenomenon we know today. With a community of enthusiasts Mining from their personal computers, the idea that this technology would reach $100,000 seemed like a distant dream. But those who understood the impact of the halving knew that that day marked the beginning of something much bigger.
When block 210,000 was mined on November 28, 2012, rewards went from 50 BTC to 25 BTC per block.
Although this change meant less immediate income for miners, many of them continued to operate, convinced that the price of Bitcoin would increase over time.
And they were not wrong: just one year after the first halvingbitcoin reached $1,000starting a cycle that would be repeated in each subsequent halving.
The price of bitcoin rose after the first halving. Source: TradingView.
The first halving transformed the economic narrative of bitcoin. It went from a digital experiment to a store of potential value. The reduction in emission generated upward pressure on the pricedemonstrating that programmed shortages had the power to capture market interest.
And, in the same way, each halving reinforces the idea that bitcoin is a unique asset in the financial world. Today, 12 years later, bitcoin is very close to reaching $100,000, a price that seemed unthinkable in 2012. This meteoric rise is proof of the impact of its economic design: a limited supply that is reduced at each halving, while its demand continues to grow.
Will halvings continue to have an effect on the price of bitcoin?
It might be thought that 12 years after the first halving, and with 94% of the BTC that can be issued already in circulation, the halving is no longer a catalyst for its price. But history, with the current rise that brings BTC closer to $100,000, is showing us that this is not the case. The “halving effect” continues to impact the market.
From the Argentine exchange Ripio, one of the longest-lived companies in the bitcoin ecosystem (it began operating a few months after the first halving) they anticipate that this “halving effect” will continue over the years. In a statement sent to CriptoNoticias, they say:
«The next halving, projected for 2028, will lower the reward to just over 1.5 BTC per mined block. The pace of issuance will continue to slow down. The maximum supply will be closer and closer. All of this is not speculation, it is what will happen because it is encoded in Bitcoin’s own framework. If on the other hand the markets continue to react as before, making bitcoin an increasingly desired asset not only within cryptocurrencies but even in comparison to stocks of leading global companies and precious metals, then the projection only brings new news to future for bitcoin. And among them, new digits that add to its price.
Ripio, bitcoin and Cryptocurrency exchange.
The thing is that the halving is not just a technical event; It is a declaration of principles. It represents the heart of what makes Bitcoin unique: a system where scarcity is a mathematical certainty.
In a world where monetary policies are dictated by human decisions taken arbitrarily according to the need of the moment, Bitcoin remains a beacon of predictability. It is the antithesis of the traditional financial system. Bitcoin is a revolution that is brewing with each new block mined.
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