The journey towards Bitcoin Halving 2028 has now reached the halfway point, with about 105,000 blocks remaining before the next halving. This moment is expected to occur around April 2028.

If this phase occurs, the block reward will decrease from 3.125 BTC to 1.5625 BTC per block. This reduction automatically decreases the daily supply from around 450 BTC to just 225 BTC.

The first halving occurred in 2012 with a reward of 25 BTC, when the price was still $12. The next cycle continued to decline, from 12.5 BTC in 2016, 6.25 BTC in 2020, to 3.125 BTC in 2024.

For your information, halving is a built-in mechanism of Bitcoin that occurs every 210,000 blocks or about four years, where miners' rewards are cut in half to maintain asset scarcity.

Therefore, the ongoing halving system will continue to reduce block rewards, with the process of mining the entire supply of BTC, which amounts to 21 million, estimated to take until the year 2140.

Historically, halving has often been followed by price increases within 12 to 18 months, although its impact has been diminishing. However, the combination of thinning supply and institutional demand has the potential to drive interesting dynamics.

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