The halving is a major event for Bitcoin and its miners, as it cuts mining rewards in half.
It occurs approximately every four years, or every 210 000 blocks.
Today, there are roughly 76 000 blocks left until the next halving. With an average of 144 blocks mined per day, that leaves around 527 days until the next halving, sometime in April 2028.
BTC has tended to perform well after each halving, although during the latest cycle, it reached a new all-time high before the halving itself.
If we compare BTC’s performance between halvings, we can see that the returns have gradually declined :
Before the 1st halving : 201.2x
2nd halving : 54.1x
3rd halving : 13.3x
4th halving : 7.4x
5th halving to date : 1.2x
The return for this latest halving still seems very modest, but as mentioned, bitcoin:native still has 527 days to do better...
Chart Link :