If You Invested $5000 In Bitcoin During Its Recent Halving
The world’s largest cryptocurrency Bitcoin (BTC) registered notable gains during the past couple of months. BTC’s rise beyond the $100,000 mark was supported by several factors. This includes Donald Trump’s bullish stance on the king coin as well as the halving that occurred in April 2024. BTC undergoes halving once every four years. This process involves lowering the generation rate of new Bitcoins by 50%. Since fewer Bitcoins are entering the market as a result of the halving, the price may rise if demand stays the same or rises. Also Read: De-Dollarization: 9 Countries Ditch the US Dollar It should be noted that the king coin has witnessed three halvings since its launch in 2009. The very first one took place in November of 2012 and the most recent one occurred at block height 840,000 on April 20, 2024. In addition, the block reward was reduced from 6.25 BTC to 3.125 BTC. Amidst this, BTC was trading at a much lower rate. To be precise, on the day of the halving, Bi...