It was a multi-million-dollar pizza
Since Bitcoin’s first transaction in 2010, the value of the premier cryptocurrency has reached the sky.
The first Bitcoin halving happened on Nov. 28, 2012, when the reward for mining a block was reduced from 50 Bitcoin to 25. At that time, Bitcoin’s price was $12.
The second halving event occurred on July 9, 2016, when the reward was reduced from 25 Bitcoin to 12.5. The price of the cryptocurrency was then $658.
The third halving occurred on May 11, 2020, when the Bitcoin incentive was reduced by half to 6.25 Bitcoin. At that time, Bitcoin was at $8,601.
The most recent halving occurred on April 19, 2024, which divided the mining reward to 3.125 Bitcoin. Currently, Bitcoin is around $65,000, which puts those 10,000 Bitcoin at around $650 million.
