When the Bitcoin network first launched, each block mined awarded 50 BTC to the miner. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and miners are then awarded 25 BTC per block.
The first halving occurred on November 28th, 2012 and the most recent halving happened on May 11th, 2020. This process will continue until the block reward reaches 0, which is estimated to occur in 2140. So, how many Bitcoin halvings are left?.
NOTE: WARNING: It is important to remember that the number of Bitcoin halvings left is not fixed and may change in the future. The current number of Bitcoin halvings left is estimated to be two, but this could change in the future. Additionally, the exact date of each halving is also not fixed. Therefore, it’s important to stay up to date on the latest news and information related to Bitcoin and its halving schedule.
As of May 2020, there are only 21 more halvings left until the block reward reaches 0. That means that there will only be 21 more times that miners are awarded 25 BTC per block.
Once the final halving occurs in 2140, no new Bitcoins will be created and the total supply of 21 million BTC will have been reached.
While it is impossible to know exactly what will happen when the last Bitcoin is mined, it is possible that the price of Bitcoin will increase as demand grows and the supply dwindles. If you’re interested in buying Bitcoin, you may want to consider doing so sooner rather than later.
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