719
days
14
Hours
53
Minutes
52
Seconds
~50.6% 自上次减半以来已挖出的区块比例
Estimated Date
April 2028
New Block Reward
1.5625 BTC
历史减半记录
halving #1
November 28, 2012
Reward After
25 BTC
Price at Halving
$12
Price 1 Year Later
$1,100
9067%halving #2
July 9, 2016
Reward After
12.5 BTC
Price at Halving
$650
Price 1 Year Later
$2,500
285%halving #3
May 11, 2020
Reward After
6.25 BTC
Price at Halving
$8,700
Price 1 Year Later
$56,000
544%halving #4
April 19, 2024
Reward After
3.125 BTC
Price at Halving
$63,800
Price 1 Year Later
TBD
What is Bitcoin Halving?
All investments carry risk. Cryptocurrency is highly volatile. Gold prices can also fluctuate. Past performance is not indicative of future results. This guide is educational only — not financial or investment advice.
Digital gold versus physical gold. Compare the two most prominent store-of-value assets across scarcity, returns, volatility, and portfolio fit.
减半机制是如何运作的？
Bitcoin is better for growth potential and digital-native investors. Gold is better for capital preservation and proven stability.
Block 0 – 209,999 · 50 BTC per block
Block 210,000 – 419,999 · 25 BTC per block
Block 420,000 – 629,999 · 12.5 BTC per block
Block 630,000 – 839,999 · 6.25 BTC per block
Block 840,000–1,049,999 → 3.125 BTC (current)
Block 1,050,000+ → 1.5625 BTC (next_halving)
Bitcoin, launched in 2009 by the pseudonymous Satoshi Nakamoto, is the world's first and largest cryptocurrency. Often called "digital gold," it was designed as a decentralised, peer-to-peer monetary system with a mathematically enforced supply cap of 21 million coins.
Why Does the Halving Impact Bitcoin's Price?
Bitcoin's scarcity is guaranteed by code, not geology. The halving mechanism reduces new supply issuance by 50% approximately every four years, making Bitcoin the first asset with a perfectly predictable and decreasing inflation rate. As of 2024, approximately 19.7 million BTC have been mined.
| Metric | Before 2024 | After 2024 | After 2028 |
|---|---|---|---|
| Block reward | 6.25 BTC | 3.125 BTC | 1.5625 BTC |
| Daily new BTC | ~900 BTC | ~450 BTC | ~225 BTC |
| Annual inflation | ~1.7% | ~0.85% | ~0.4% |
Post-Halving Price Patterns
Pre-Halving Accumulation (6–12 months before)
Smart money and long-term holders accumulate BTC in anticipation. Price typically rises 30–100% in the months leading up to the halving.
Post-Halving Consolidation (0–6 months after)
Price often consolidates or dips as the event is 'priced in.' This phase tests the patience of speculators.
Parabolic Rally (6–18 months after)
The supply reduction takes effect. New demand from retail FOMO and institutional interest drives exponential price growth.
Blow-Off Top & Bear Market (18–30 months after)
Euphoria peaks, prices overshoot, and a correction follows. The bear market typically retraces 70–85% from the all-time high.
Important caveat: With only four halvings in Bitcoin's history, the sample size is too small to draw statistically significant conclusions. Each cycle has unique macro conditions.
常见问题
When is the next Bitcoin halving?+
减半是否总会引发价格上涨？+
What happens when all 21 million Bitcoin are mined?+
减半时间表可以更改吗？+
Should I buy Bitcoin before or after the halving?+
Bitcoin的减半与其他加密货币的供应机制相比如何？+
Gold has been a universal store of value for over 5,000 years, outlasting every fiat currency, empire, and financial system in history. Its unique chemical properties — it doesn't corrode, is easily malleable, and is scarce enough to be valuable but plentiful enough to serve as money — make it irreplaceable.
Institutional adoption has accelerated with the approval of spot Bitcoin ETFs in the US, sovereign adoption (El Salvador), and corporate treasury strategies (MicroStrategy, Tesla). Bitcoin trades 24/7 on global exchanges with deep liquidity.