Join Delphi Research today and immediately get access to our full Member Portal!
Join Delphi Research today and immediately get access to our full Member Portal!
Back

Analyzing BTC Post-Halving

May 14, 2020 · 4 min read

By Medio Demarco

As I’m sure many of you have heard, an important event happened this week for Bitcoin – it’s 3rd ever halving! On May 11th at block #630,000, the reward for miners fell, as intended, from 12.5 BTC to 6.25 BTC per block. This brings the annual issuance rate down to ~1.8%. While the price dipped ~12% heading into the halving, it’s since seen a gradual recovery and is now relatively flat on the week. While price is clearly important, how has the network fared since the reduction in new supply? Let’s dive into the data and find out.

Source: Glassnode

Among all of the stakeholders within Bitcoin, miners are clearly the most affected by halving events. At this stage in Bitcoin’s life, the re

Upgrade your account to Delphi Insights to unlock full access to this report!

Join Now  or  Sign in