Miles Brooks holds his Master's of Tax, is a Certified Public Accountant, and is the Director of Tax Strategy at CoinLedger.
Reviewed by:
Jordan Bass
Reviewed by:
Jordan Bass
Head of Tax Strategy
Jordan Bass is the Head of Tax Strategy at CoinLedger, a certified public accountant, and a tax attorney specializing in digital assets.
Our Editorial Standards:
Our content is designed to educate the 500,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn More
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Key Takeaways
2024 will see a Bitcoin halving — which means that the reward for mining Bitcoin will drop in half and the supply of new BTC entering the market will decrease!
In the past, Bitcoin halvings have led to increases in the price of BTC and other crypto-assets!
Frequently asked questions
How many Bitcoin halvings left?
In total, there will be 32 Bitcoin halvings. There will be 29 more Bitcoin halvings until 2140 — when new BTC will stop being created entirely.
Does Bitcoin price go up after halving?
Historically, the price of Bitcoin has gone up before and after halving dates. However, the price of Bitcoin and other cryptocurrencies is influenced by many factors and past performance is not indicative of future returns.
Is Bitcoin halving every 4 years?
Bitcoin halving occurs once every 210,000 blocks. This happens approximately once every four years.
What date is the next Bitcoin halving?
The next Bitcoin halving will take place in April 2024.
Is Bitcoin halving good or bad?
Historically, Bitcoin’s price has appreciated before and after Bitcoin halvings — which means the event is typically good for BTC holders!
This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out.