All about the upcoming 4th Bitcoin halving on the ~20th of this month.

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🎇 Mark the date: 04/20/2024

Bitcoin’s 4th halving is estimated to occur on the 20th of April, at block 840,000.

After each halving, the amount of new bitcoin that miners receive is reduced by half. In this upcoming halving, the block reward is reduced from 6.25 BTC to 3.125 BTC. The halving will happen 33 times in total, roughly every 4 years (210,000 blocks) until the year 2140 when we reach just under Bitcoin’s supply limit of 21 million.

To be exact, we’ll get to 20,999,999.9769 bitcoin, in case you want to be the smart person at your local halving party 😉 The reason is that after the 10th halving, a rounding error starts occurring as bitcoin has 8 decimal places and the 9th number is discarded, which continues all the way to 2140!

If you are not that familiar with the halving or need a refresher, see our River Learn article.

Check on to see if any local halving parties are happening near you!

Many Bitcoiners don't know many, or any, other Bitcoiners in person. The halving can be a great opportunity to meet some new people who want to celebrate Bitcoin working as designed for another 4 years 🍻

✖️ Halving Price Impact

Historically, we’ve seen an interesting pattern of Bitcoin’s price increase in the 1-2 years after each halving. Of course, there is absolutely no guarantee that this will repeat itself.

Beyond developments in the Bitcoin space itself, many uncertain factors in the global economy could break this pattern.

Are these price increases happening because the daily new supply of bitcoin that is mined dropped from 3,600 BTC to 1,800 in 2016, or from 1,800 to 900 BTC in 2020? Or is this influenced by the growth in money supply, the credit cycle, and more recently, the involvement of institutional investors?

In these past four years, we’ve seen many macroeconomic analysts increase their involvement in Bitcoin such as Lyn Alden and Preston Pysh. Many Bitcoiners turn to these analysts to understand economic trends and how Bitcoin relates to the rest of the global economy. It is clear to people at this point that it is not uncorrelated from everything else.

📚 River Learn Improvements

We have been increasing our efforts to improve and expand on River Learn:

There are many more upgrades to come over the next few months, but take a look at Learn if you haven’t in a while!