The Bitcoin Halving
Join us for Bitcoin Halving 2020.
Current block height
Blocks until halving
Money Printer goes Brrr 🖨️
"Like gold, US Dollars hold value only to the extent that they are strictly limited in supply."
- Benjamin Bernanke, The Godfather of Quantitative Easing, November 21, 2002
Since the 2008 Financial Crisis, and now, at the height of the COVID-19 pandemic, the increase in money supply into the economies has been unparalleled in history.
The sheer scale at which these governments are having to increase the money supply through quantitative easing, suggests the financial system is fundamentally flawed.
What is the Bitcoin Halving?
The Bitcoin halving will programmatically decrease the number of new bitcoin generated per block. This means that the daily incoming supply of bitcoin is reduced from about 1,800 to 900 BTC.
Right now, a Bitcoin miner reward is 12.5 BTC per new block. This May, the block reward will halve to give miners 6.25 BTC per validated block.
Only two Bitcoin halving events have ever occurred (2012 & 2016). At the time of the first halving event, the price of Bitcoin was €11 and at the time of the second halving event, it was €585.
This is going to be a really interesting time where people say, ‘well, why don’t I just use Bitcoin?’
- Tim Draper
In times of unimaginable crisis, we believe in a world where currency has no borders or inflationary risks, a world where currency is frictionless, open, transparent and global.
Join us in the fight against printing money out of thin air.
Limited €30 Halving Bonus
€30 referral bonus to celebrate the historic halving – limited time only!
It’s no better time to get your friends into Bitcoin. To celebrate the upcoming halving we are increasing our refer-a-friend bonus to €30. Get €30 for you AND your friends when they successfully sign up to Bitwala and create a bitcoin wallet.