Bitcoin still has 31 more halving events to go.

With Bitcoin's upcoming third halving event, as well as the significant price surges following the previous two halvings, it has attracted increasing attention. However, it seems that many have forgotten that Bitcoin is still relatively young compared to traditional fiat currencies, and there are still 31 more mining reward halving events to come in the future.

Most Bitcoin holders today probably share a common thought, that they should have bought Bitcoin several years ago. However, those who first hear about Bitcoin or cryptocurrency often dismiss it as impractical for future society.

It's quite normal, as the operation of Bitcoin is completely different from the fiat currency that the public is familiar with.

The Party Isn't Over Yet

As the public gradually begins to understand Bitcoin and realizes that it is still thriving despite being pronounced "dead countless times" by the media, people pay more attention to crypto assets. They also feel like they missed out on Bitcoin's meteoric rise as its value has increased by several orders of magnitude over the years.

Nevertheless, Miguel Cuneta, co-founder of financial services provider Satoshi Citadel Industries, reminds everyone that Bitcoin is currently in a phase that could potentially become the most disruptive technology.

According to a report, the tweet contains a detailed issuance plan for Bitcoin, including 34 halving events in mining rewards, from the initial block reward to the eventual zeroing of mining rewards.

We are going to witness the third #Bitcoin halving in May 2020. For most, this is the first time they'll be here for it. Most missed the first one.

There will be 31 more halvings before the last Bitcoin is mined in 2140.

We are still VERY early. 👇 pic.twitter.com/FndJxyD1rf

— Miguel Cuneta (@MiguelCuneta) September 5, 2019

Cuneta stated:

We are about to witness the third Bitcoin halving in 2020, but don't forget that there are still 31 more Bitcoin reward halvings before 2140.

Currently, miners receive a block reward of 12.5 BTC, which will decrease to 6.25 BTC after the halving in May next year. The halving occurs approximately every 210,000 blocks, roughly every four years. Cuneta pointed out:

This is indeed a very early stage in the world of cryptocurrencies, as there have only been two halvings so far. With the third one set to happen in May next year, we are not even a tenth of the way through the entire roadmap yet.

Of course, successfully operating for a decade does not guarantee that Bitcoin will complete its issuance plan. No one can accurately predict that there won't be events of cryptocurrency becoming obsolete in the next 120 years.

Regarding Bitcoin's recent movements, shortly after the Bakkt trading platform announced accepting Bitcoin deposits and withdrawals, a mysterious transfer of over $1 billion appeared on the Bitcoin blockchain. It is currently unknown who the owner of the receiving address is.

Further Reading

• Binance's August report indicates: Altcoins set to rise again
• Unknown mining pool nears 50% hash rate, Bitcoin Cash faces threats

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