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Bitcoin Halving 2028

Everything you need to know about the next Bitcoin halving. Estimated date, countdown, history, and what it means for Bitcoin's future supply.

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Estimated Countdown to Halving

751

Days

25

Months

1,050,000

Target Block

1.5625

New BTC/Block

Estimated date: March/April 2028. The exact date depends on block production speed and may shift.
Last updated: March 2026.

What Is the Bitcoin Halving?

Supply Reduction

Every 210,000 blocks (~4 years), the block reward is cut in half. This makes Bitcoin increasingly scarce over time, with a hard cap of 21 million coins.

Programmatic Monetary Policy

Unlike fiat currencies, Bitcoin's inflation schedule is predetermined and immutable. No central authority can change it. The halving is enforced by code.

Mining Economics

When rewards halve, mining becomes less profitable unless the price increases or transaction fees rise. Less efficient miners may shut down, adjusting the network hash rate.

History of Bitcoin Halvings

EventDateBlockRewardPrice at HalvingPrice 1 Year LaterTotal BTC Mined
Genesis
January 3, 2009050 BTCN/A~$0.080
1st Halving
November 28, 2012210,00025 BTC~$12~$1,00010.5M
2nd Halving
July 9, 2016420,00012.5 BTC~$650~$2,50015.75M
3rd Halving
May 11, 2020630,0006.25 BTC~$8,700~$56,00018.375M
4th Halving
April 20, 2024840,0003.125 BTC~$64,000TBD19.6875M
5th Halving
~March/April 20281,050,0001.5625 BTC——~20.34M

Past price performance is not indicative of future results. Prices are approximate. Sources: blockchain data, CoinGecko historical prices.

Bitcoin Supply Timeline

2024
19.69M
2028
~20.34M
2032
~20.67M
2140
21M

Bitcoin's total supply is capped at 21 million. Over 94% has already been mined. The halving slows issuance, making the remaining supply increasingly scarce.

Key Considerations for 2028

For Investors

  • Halvings reduce new supply, but demand is the other half of the equation
  • Historical patterns show price appreciation, but past performance is not a guarantee
  • DCA (dollar-cost averaging) removes the need to time the halving
  • Consider using our DCA calculator to model scenarios

For Miners

  • Revenue per block drops 50% immediately at the halving
  • Less efficient mining operations may become unprofitable
  • Network difficulty adjusts to maintain ~10 minute blocks
  • Transaction fee revenue becomes increasingly important

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This tool provides educational information only. It is not financial, tax, or legal advice. Always consult qualified professionals for decisions about your specific situation. Results are based on general patterns and may not reflect your circumstances.

Frequently Asked Questions

When is the next Bitcoin halving?+
The next Bitcoin halving is estimated to occur in March or April 2028. The exact date depends on the block production rate, as halvings occur every 210,000 blocks. At the current average of one block every ~10 minutes, the halving is expected around block 1,050,000.
What happens during a Bitcoin halving?+
During a halving, the block reward that Bitcoin miners receive for validating transactions is cut in half. After the 2028 halving, the reward will drop from 3.125 BTC to 1.5625 BTC per block. This reduces the rate of new Bitcoin entering circulation, making Bitcoin more scarce over time.
How does the halving affect Bitcoin's price?+
Historically, Bitcoin's price has increased significantly in the 12-18 months following each halving, though past performance does not guarantee future results. The price impact is debated: some argue halvings are already priced in, while others believe the supply reduction creates upward pressure. Multiple factors beyond supply affect price.
How many Bitcoin halvings are left?+
There will be approximately 28 more halvings after the 2028 event. Halvings continue until the block reward reaches zero, which is estimated to happen around the year 2140. At that point, all 21 million Bitcoin will have been mined, and miners will rely solely on transaction fees.
Does the halving affect Bitcoin transaction fees?+
Not directly, but over time as block rewards decrease, transaction fees become a larger portion of miner revenue. This could lead to higher fees as miners increasingly depend on them. The transition is gradual and is a core part of Bitcoin's long-term economic design.

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