Episode 126 — Bitcoin Halving — What It Is and Why It Moves the Entire Market

EPISODE 126 — Bitcoin Halving — What It Is and Why It Moves the Entire Market

On April 20, 2024, at block height 840,000, Bitcoin's block reward was automatically cut in half — from 6.25 Bitcoin to 3.125 Bitcoin. No company made this decision. No regulator approved it. The code simply executed a rule written into Bitcoin in 2009. In the months that followed, Bitcoin climbed from $63,800 on halving day to an all-time high of $126,000 in October 2025. The halving is the most important scheduled event in Bitcoin's economic calendar. Understanding it is understanding Bitcoin's long-term value case.

In this episode of Crypto for Beginners, we explain the Bitcoin halving from the ground up. We start with why it exists: the mechanism by which Bitcoin approaches its 21-million-token cap while still incentivising miners in the early years when transaction fees alone are insufficient. We cover the full history of every halving: the 2012 halving when Bitcoin was $12 and peaked at $1,150 months later; the 2016 halving leading to the 2017 all-time high of $20,000; the 2020 halving leading to $69,000 in November 2021; and the 2024 halving leading to $126,000. We explain the pattern of diminishing percentage returns with each cycle as Bitcoin's market cap grows.

We analyse what was different about the 2024 cycle: the spot Bitcoin ETF approvals three months before the halving, Bitcoin reaching all-time highs before the halving for the first time, the changed institutional holder composition, and the more measured post-halving rally. We explain the miner economics impact — why halvings force inefficient miners offline — and the difficulty adjustment that maintains network stability. We cover the 2028 halving outlook and why the fourth halving will cut daily issuance to approximately 225 Bitcoin.

Keywords: Bitcoin halving explained, what is Bitcoin halving, Bitcoin halving 2024, Bitcoin halving history, Bitcoin halving effect price, Bitcoin supply schedule, Bitcoin block reward, 2024 Bitcoin halving, halving cycle explained, Bitcoin 21 million cap, Bitcoin mining halving, Bitcoin halving dates, next Bitcoin halving 2028, halving bull run, Bitcoin price after halving, Bitcoin scarcity explained, halving beginner guide, Bitcoin inflation rate, halving supply shock, Bitcoin halving investment Hosted on Acast. See acast.com/privacy for more information.