Bitcoin Halving and Rewards

12 years ago, Bitcoin passed its first halving, reducing the reward for mining blocks from 50 to 25 BTC. Today, the rewards are 3.125 BTC, and the network itself continues to show resilience amid increasing mining complexity and rising prices.

Supply Cap and Scarcity

The supply cap of 21 million coins remains one of the key drivers of Bitcoin's value. The scarcity of the asset inherent in the network's architecture is driving its growth amid strong demand. As of November 27, 2024, there are 19.8 million BTC in circulation, with only 1.2 million Bitcoins left to be mined before the limit is reached. However, this process will become increasingly difficult due to dwindling rewards and increasing network complexity. Technically, the price has stabilized, and the possibility of a new update of the historic high cannot be ruled out in the near term.