How Much Would $2,000 Invested in Bitcoin During Its First Halving
Bitcoin (BTC), the world’s largest cryptocurrency, stood out for a lot of reasons. The king coin entails properties different from traditional and other digital assets. One of the factors that make BTC an eyecatcher is the halving event that occurs once every four years. From the very first halving in 2012 to the most recent one in 2024, BTC has witnessed immense growth. A look back at the very first halving is proof of the asset’s trajectory. Also Read: Pi Network Surges 100% After Breakout: Is $1.87 the Next Target? When Did The First Bitcoin Halving Take Place? Source: Watcher Guru The Bitcoin halving event reduces the block reward by 50%. The decreasing supply of the king coin that enters the market boosts the scarcity, in turn pushing its price. The first halving event took place on November 28, 2012. During this time, the block reward of the network dipped from 50 BTC to 25 BTC. This occurred about four years after the genesis block was mined. During this year, the pri...