Bitcoin IRA™ Releases New Infographic on Bitcoin’s Major Halving Event

The Bitcoin halving, which occurs every four years, is a monumental event for the cryptocurrency in which the rate of supply of Bitcoin is cut in half. This year, Bitcoin’s rate of production went from 12.5 bitcoins every ten minutes to 6.25.

The result is a combination of decreased supply and increased demand for Bitcoin, creating upward price pressures. Additionally, the halving event in 2020 has now lowered Bitcoin’s inflation rate to 1.8%, which is lower than the target rate of the U.S. dollar and other global currencies.

Consumers can view the full infographic here.

While it’s too early to tell the exact effect this year’s halving will have on the price of Bitcoin, historic data suggests that dramatic price increases could follow. Shortly after the halving in 2012, Bitcoin’s price increased 8,189%, and after 2016, another bull run followed with a price increase of 2,237%. With the third halving just happening in early May 2020, Bitcoin’s price could soon rise to exceed