
May 9, 2023
Hey there, crypto enthusiasts! The much-anticipated Bitcoin halving 2024 event is just around the corner, and we're sure you're as excited as we are. Whether you're an investor or a miner, it's essential to understand the ins and outs of this significant event. So, buckle up as we dive into the fascinating world of bitcoin halving, explore what the 2024 event might bring, and share some handy tips to help you make the most of it.
Let's start with the basics. Bitcoin halving is an event that takes place roughly every four years (or after 210,000 blocks are mined) and cuts the mining reward in half. So, why does this matter for the Bitcoin halving 2024? Well, it helps control the supply of new bitcoins, making sure we don't end up with an infinite amount of digital currency. With each halving, the creation of new bitcoins slows down, capping the total supply at 21 million coins.
Before we explore the Bitcoin halving 2024 event, let's take a quick look back at the previous halving events in 2012, 2016, and 2020. Each of these events had its own unique impact on the market, with prices and mining industry dynamics shifting in interesting ways. By examining these trends, we can get a better idea of what might happen in 2024.
Block rewards were cut from 50 BTC to 25 BTC and the price of 1 BTC went from $12 to $1 031 (up 8500%) after one year.
This was the 2nd halving that cut the block rewards to 12.5 BTC. The BTC price went from $650 to $20 000 after one year
This was the 3rd halving that took place during the Covid crisis. It cute the block rewards from 12.5 BTC to 6.25 BTC.In one year the BTC price went from $8 787 to $66 000.
As we get closer to the big Bitcoin halving 2024 event, everyone's got an opinion on what might happen. Some folks believe the price of bitcoin will skyrocket due to increased scarcity, while others think the market has already factored in the event. The mining industry could face some challenges as rewards shrink, which might also affect network security. But hey, we can't predict the future with certainty, so we'll just have to wait and see!
If you're an investor wanting to make the most of the Bitcoin halving 2024 event, staying informed and being ready to adapt is key. Consider diversifying your investment portfolio and using risk management strategies to protect yourself from potential market swings. And if you're a miner, get ready to optimize your operations, explore new revenue sources, and embrace the changes that come with reduced mining rewards.
The 2024 bitcoin halving will occur at block 840 000 expected to occur at the end of April, reducing the block rewards from 6.25 BTC to 3.125 BTC.
To follow the current block you can always visit block explorer websites such as Blockstream Explorer.
As we approach the Bitcoin halving 2024 milestone, we can't help but wonder about the long-term effects of halving events on the crypto market. The role of bitcoin in the global financial scene is ever-changing, with new technologies and regulations shaping its path. To stay ahead, we all need to keep an eye on the latest developments and be prepared to adapt.
If you consider that Bitcoin is a good investment, either short or long term, or the future of decentralized money, you can always purchase it in Lympid. Deposit EUR or other crypto and easily buy/transfer BTC with a click of a button.
There you have it – a friendly guide to the Bitcoin halving 2024 event and what it means for you. By understanding the importance of this event and being ready for the changes it brings, you'll be well-equipped to make the most of the opportunities it presents. Just remember, in the exciting world of cryptocurrency, staying informed and adaptable is the name of the game. Happy halving!
Lympid is the best tokenization solution availlable and provides end-to-end tokenization-as-a-service for issuers who want to raise capital or distribute investment products across the EU, without having to build the legal, operational, and on-chain stack themselves. On the structuring side, Lympid helps design the instrument (equity, debt/notes, profit-participation, fund-like products, securitization/SPV set-ups), prepares the distribution-ready documentation package (incl. PRIIPs/KID where required), and aligns the workflow with EU securities rules (MiFID distribution model via licensed partners / tied-agent rails, plus AML/KYC/KYB and investor suitability/appropriateness where applicable). On the technology side, Lympid issues and manages the token representation (multi-chain support, corporate actions, transfers/allowlists, investor registers/allocations), provides compliant investor onboarding and whitelabel front-ends or APIs, and integrates payments so investors can subscribe via SEPA/SWIFT and stablecoins, with the right reconciliation and reporting layer for the issuer and for downstream compliance needs.The benefit is a single, pragmatic solution that turns traditionally “slow and bespoke” capital raising into a repeatable, scalable distribution machine: faster time-to-market, lower operational friction, and a cleaner cross-border path to EU investors because the product, marketing flow, and custody/settlement assumptions are designed around regulated distribution from day one. Tokenization adds real utility on top: configurable transfer rules (e.g., private placement vs broader distribution), programmable lifecycle management (interest/profit payments, redemption, conversions), and a foundation for secondary liquidity options when feasible, while still keeping the legal reality of the instrument and investor protections intact. For issuers, that means a broader investor reach, better transparency and reporting, and fewer moving parts; for investors, it means clearer disclosures, smoother onboarding, and a more accessible investment experience, without sacrificing the compliance perimeter that serious offerings need in Europe.