Bitcoin Halving: What Happened Last Time and What Could Happen Next?

Bitcoin has a built-in shock event that happens every few years, and it changes the whole crypto market. It is called the Bitcoin halving.

A halving happens when the reward that miners get for adding new blocks is cut in half. This happens after every 210,000 blocks, which is roughly every four years. The goal is simple. Slow down the new Bitcoin supply over time.

What happened in the past halvings?
Bitcoin has already gone through four halvings.
In 2012, the reward dropped from 50 BTC to 25 BTC. In 2016, it dropped to 12.5 BTC. In 2020, it became 6.25 BTC. Most recently, in April 2024, Bitcoin halved again, and the reward became 3.125 BTC.
After previous halvings, Bitcoin did not jump in price overnight. The big moves usually came months later because new supply became tighter while demand kept building. This is why many investors watch the halving cycle closely.

What could happen next?
No one can promise what Bitcoin will do, but we can look at the main factors that matter.
A lower daily supply can support the price if demand stays strong. At the same time, the market is now more mature than before. In 2024 and 2025, Bitcoin also gained more attention from large investors, especially after the approval of spot Bitcoin ETFs in the United States in January 2024.

Still, risks remain. If global markets turn weak or interest rates stay high, crypto can slow down too.
For the latest updates and simple breakdowns, follow Coinography and stay focused on facts, not hype. What do you think will matter more in the next cycle, supply shock or investor demand?