Bitcoin Price Since 2020 Halving

The most recent Bitcoin mining subsidy halving occurred officially one year ago today, on May 11, 2020. In recognition of the event, let’s take a look back at what has transpired in the Bitcoin market over the last year and a look forward to what it could have in store.

The Importance Of The Halving’s Quantitative Tightening

Following the record plunge across all asset classes during the global liquidity crises at the beginning of March 2020, record monetary and fiscal stimulus had bitcoin trading around the $8,000 level at the halving on May 11, 2020. Investors around the globe began to understand that they needed a place to seek refuge and insulate themselves from the unprecedented monetary expansion, and bitcoin undergoing a quantitative tightening event — whereby the supply issuance of new bitcoin is cut by 50% irrespective of the choice of any policy makers — was quite the contrast.