Bitcoin AI
Halvings, bull and bear markets — Bitcoin AI can put the history in context.
Current era
Fourth halving
19 April 2024
Supply cut
Every 210,000 blocks (~4 years) the block reward halves, permanently slowing new Bitcoin supply.
Reward history
Started at 50 BTC per block in 2009. Now 3.125 BTC after four halvings.
Historical pattern
Each of the first three halvings preceded a major bull run within 12–18 months.
Inflation rate
Post-fourth halving, Bitcoin's annual issuance rate fell below 1% — lower than gold.
Final issuance
The last BTC won't be mined until ~2140, when the block reward approaches zero.
Bitcoin Halvings
Bitcoin halvings reduce the block reward miners receive, cutting the rate at which new bitcoin enters circulation. Historically, halvings have coincided with major bull runs as supply growth slows.
The all-time daily chart marks each halving with a white vertical line so you can see full-history context before drilling into per-halving views.
Compare price action after each halving using the summary table, overlay chart (% of peak price vs days since halving), and individual period charts below.
Educational context only — not financial advice.