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Brief Overview of First Three Bitcoin Halvings

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In 2012, the halving event took place in November, and shortly thereafter, in 2013, the bull run commenced. During this period, Bitcoin’s price surged dramatically, creating a historic boom in both scale and speed, unlike anything witnessed before.

Moving to 2016, the halving event occurred in July, but the subsequent bull run didn’t kick off until late 2017. While it still led to a significant increase in value, with Bitcoin rising from around $1,000 to approximately $20,000, the proportions of this bull run were notably smaller compared to the previous one.

Fast forward to 2020, when the halving event transpired in May, and it wasn’t until November that the bull run gained momentum. This particular bull run unfolded in two distinct phases. The first phase extended until April 2021, with Bitcoin’s price soaring to remarkable heights, even touching $64,000. The second phase followed a minor intermediate dip and pushed the price to $69,000 by the year’s end.

It’s worth noting that, historically, a bull run has indeed been triggered following all three halvings, but it has never commenced on the same day as the halving or in the immediate days following. Instead, these bull runs typically unfolded in the months that followed. Additionally, the halving events consistently occurred earlier in their respective years, while the ensuing bull runs tended to last approximately 12 months.


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