--- title: "Next Bitcoin Halving 2028: Date, Cycle Data & Supply" description: "Next bitcoin halving: about April 13, 2028 at block 1,050,000. Halving dates, cycle peak data, and what the four-cycle record does not predict. Updated August 27, 2026." lang: en json-ld: | [ { "@context": "https://schema.org", "@type": "FinancialService", "name": "CryptoBull Insights Hub", "description": "Comprehensive cryptocurrency market analysis and educational platform", "url": "https://insights.cryptobull.org/", "serviceType": "Financial Information Services", "areaServed": "Worldwide", "hasOfferCatalog": { "@type": "OfferCatalog", "name": "Cryptocurrency Services", "itemListElement": [ { "@type": "Offer", "itemOffered": { "@type": "Service", "name": "Real-time Market Data", "description": "Live cryptocurrency prices and market analysis" } }, { "@type": "Offer", "itemOffered": { "@type": "Service", "name": "Educational Guides", "description": "Comprehensive guides on DeFi, exchanges, and crypto trading" } } ] } }, { "@context": "https://schema.org", "@type": "Article", "headline": "Bitcoin Halving Explained: The Next Halving and What Four Cycles Show", "description": "Next bitcoin halving: about April 13, 2028 at block 1,050,000. Halving dates, cycle peak data, and what the four-cycle record does not predict.", "author": { "@type": "Organization", "name": "CryptoBull Insights" }, "publisher": { "@type": "Organization", "name": "CryptoBull Insights", "logo": { "@type": "ImageObject", "url": "https://insights.cryptobull.org/lovable-uploads/525d4c83-e457-4bb0-9ad0-7fab1a9d82d1.png" } }, "datePublished": "2026-03-24", "dateModified": "2026-08-27", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://insights.cryptobull.org/crypto-guides/bitcoin-halving-guide" }, "keywords": "next bitcoin halving, bitcoin halving 2028, btc halving countdown, bitcoin halving explained, bitcoin supply mined, bitcoin halving cycle" }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What to know about the next bitcoin halving?", "acceptedAnswer": { "@type": "Answer", "text": "The next bitcoin halving is expected around April 13, 2028, when block 1,050,000 is mined and the block subsidy falls from 3.125 BTC to 1.5625 BTC. As of August 27, 2026 the chain sits at block 964,191, leaving 85,809 blocks or roughly 19.6 months at ten minutes a block. The trigger is block height, not a calendar date, so the estimate will drift by weeks as network hash rate changes." } }, { "@type": "Question", "name": "When does bitcoin half?", "acceptedAnswer": { "@type": "Answer", "text": "Bitcoin halves every 210,000 blocks, which averages close to four years. The most recent halving was April 19–20, 2024 at block 840,000, and the next is block 1,050,000, expected around April 13, 2028 as of August 27, 2026. Halvings fire on block height rather than on a date, so the calendar estimate is always a forecast." } }, { "@type": "Question", "name": "What is a bitcoin halving, explained simply?", "acceptedAnswer": { "@type": "Answer", "text": "A bitcoin halving cuts the block subsidy — the newly created bitcoin paid to whoever mines a block — in half. It happens automatically every 210,000 blocks under the protocol's consensus rules, with no vote and no announcement. The subsidy began at 50 BTC in January 2009 and, as of August 27, 2026, stands at 3.125 BTC after four halvings." } }, { "@type": "Question", "name": "What is the btc halving countdown right now?", "acceptedAnswer": { "@type": "Answer", "text": "As of August 27, 2026 the countdown is 85,809 blocks: 1,050,000 minus the current height of 964,191. At roughly ten minutes a block that is about 595.9 days, or 19.6 months, placing the halving near April 13, 2028. Countdown clocks disagree by days because each uses a different recent-average block time, so the block-height arithmetic is the checkable figure." } }, { "@type": "Question", "name": "What happened at the bitcoin halving in 2016?", "acceptedAnswer": { "@type": "Answer", "text": "The second bitcoin halving occurred on July 9, 2016 at block 420,000, cutting the block subsidy from 25 BTC to 12.5 BTC. The cycle peak that followed was $19,665 on December 16, 2017, roughly 17.2 months later, based on CoinMarketCap data as reported August 2026. That peak was 1,645% above the prior cycle peak of $1,127, a multiple that has fallen in every cycle since as of August 27, 2026." } }, { "@type": "Question", "name": "How much bitcoin supply has been mined, and what is the halving's impact on circulating supply?", "acceptedAnswer": { "@type": "Answer", "text": "More than 20 million of the 21 million bitcoin cap had been mined as of August 2026, over 95% of total supply, with the 20 millionth coin mined at block 940,000 around March 9, 2026. Fewer than one million coins remain to be issued, spread over roughly the next 114 years. As of August 27, 2026 annual issuance runs near 164,250 BTC, an issuance rate of about 0.82%, which falls to about 0.41% after the April 2028 halving." } } ] }, { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://insights.cryptobull.org" }, { "@type": "ListItem", "position": 2, "name": "Crypto Guides", "item": "https://insights.cryptobull.org/crypto-guides" }, { "@type": "ListItem", "position": 3, "name": "Bitcoin Halving Guide", "item": "https://insights.cryptobull.org/crypto-guides/bitcoin-halving-guide" } ] } ] --- [ ![CryptoBull Insights bull mascot — crypto education and market analysis platform](/lovable-uploads/525d4c83-e457-4bb0-9ad0-7fab1a9d82d1.png) CryptoBull Insights ](/) Dashboard [News & Sentiment ](/news-sentiment)[Hot Coins ](/hot-coins-tracker)[Learn ](/crypto-guides) Subscribe 1. [Home ](/) 2. [Crypto Guides](/crypto-guides) 3. Bitcoin Halving Guide 1. [Home](/) 2. / 3. [Crypto Guides](/crypto-guides) 4. / 5. Bitcoin Halving # Bitcoin Halving Explained: The Next Halving and What Four Cycles Show Published March 24, 2026 • Last updated August 27, 2026 • 16 min read • Intermediate The next bitcoin halving is expected around April 13, 2028, at block height 1,050,000. As of August 27, 2026 the chain is at block 964,191, which leaves 85,809 blocks — roughly 19.6 months at ten minutes a block. The block subsidy falls from 3.125 BTC to 1.5625 BTC. The market context matters for how you read the rest of this page. Bitcoin settled at $79,027 on August 26, 2026, which is 37.4% below its all-time high of $126,198 set on October 6, 2025 — 10.7 months earlier. The fourth halving cycle has already peaked and rolled over. Any guide that still describes this as a post-halving bull phase is out of date. This guide covers when the next halving lands, how the mechanism works, what happened in each of the four completed cycles, how much supply is left, and what the record does and does not support. For how large a bitcoin position should be before any of this matters, start with the [crypto portfolio strategy guide](/crypto-guides/portfolio-strategy). This is educational analysis, not financial advice. Bitcoin has fallen more than 70% from a cycle high three times in its history. Past halving cycles do not predict future ones. ## What to know about the next bitcoin halving The next bitcoin halving is expected around April 13, 2028, when block 1,050,000 is mined and the block subsidy drops from 3.125 BTC to 1.5625 BTC. As of August 27, 2026 that is 85,809 blocks away, roughly 19.6 months. The date is an estimate, not a schedule — halvings are triggered by block height, and block times vary with hash rate. What Value as of August 27, 2026 Why it matters Estimated date About April 13, 2028 An estimate derived from block times, not a fixed calendar date Trigger Block height 1,050,000 Halvings fire on block height, every 210,000 blocks — never on a date Blocks remaining 85,809 At roughly ten minutes a block, about 19.6 months Current block height 964,191 124,191 blocks into the current 210,000-block epoch Subsidy before 3.125 BTC per block Set by the April 2024 halving Subsidy after 1.5625 BTC per block New issuance falls from about 450 BTC a day to about 225 Current annual issuance rate About 0.82% 164,250 BTC a year against a supply above 20 million Issuance rate after 2028 About 0.41% The supply base barely moves, so the rate roughly halves The estimated date moves. If the network hash rate rises, blocks are found faster than ten minutes on average and the halving arrives earlier; if hash rate falls, it arrives later. Treat April 2028 as a central estimate that will drift by weeks, and treat block 1,050,000 as the only fixed fact. ## When does bitcoin half, and what is the btc halving countdown? Bitcoin halves every 210,000 blocks, which averages close to four years. The last halving was April 19–20, 2024 at block 840,000; the next is block 1,050,000, expected around April 13, 2028. As of August 27, 2026 the countdown stands at 85,809 blocks. ### How to compute this yourself - Find the current block height on any block explorer. - Subtract it from 1,050,000. That is the blocks remaining. - Multiply by ten minutes. That is the approximate time left. On August 27, 2026: 1,050,000 − 964,191 = 85,809 blocks, or about 595.9 days. Countdown clocks disagree with each other by days because each uses a different recent-average block time. None of them is authoritative and none of them can be, because the date is an output of future hash rate. The block height is the fact; the date is a forecast. ## Bitcoin halving explained: how does the halving work? A bitcoin halving cuts the block subsidy — the newly created bitcoin paid to whoever mines a block — in half. It happens automatically every 210,000 blocks, is written into the protocol's consensus rules, and requires no vote, no announcement and no coordination. It is the mechanism that enforces the 21 million supply cap. The subsidy started at 50 BTC in January 2009 and has halved four times: to 25, 12.5, 6.25 and 3.125 BTC. It will keep halving roughly every four years until the subsidy rounds to zero, which is expected around 2140 after roughly 29 more halvings. Miners are paid twice: the block subsidy and the transaction fees in the block. The halving cuts only the subsidy. As the subsidy shrinks toward zero, fees must carry a growing share of the security budget — an unresolved long-term question, not a solved one. Stock-to-flow is the ratio of existing supply to annual new supply. It doubles at every halving by construction. CryptoBull does not use stock-to-flow to set price targets. ## What is the bitcoin halving cycle, and what happened at each bitcoin halving event? Four halvings have occurred — November 2012, July 2016, May 2020 and April 2024 — and each was followed by a cycle peak 12 to 18 months later. The peaks have grown, but by progressively smaller amounts: plus 1,645%, then plus 251%, then plus 82.8% over the prior peak. Halving Date Block Subsidy Cycle peak that followed Peak date Months to peak 1st November 28, 2012 210,000 50 → 25 BTC $1,127 November 30, 2013 12.1 2nd July 9, 2016 420,000 25 → 12.5 BTC $19,665 December 16, 2017 17.2 3rd May 11, 2020 630,000 12.5 → 6.25 BTC $69,044 November 10, 2021 18.0 4th April 19–20, 2024 840,000 6.25 → 3.125 BTC $126,198 October 6, 2025 17.5 5th About April 13, 2028 (est.) 1,050,000 3.125 → 1.5625 BTC Unknown — — Peak prices from CoinMarketCap data as reported August 2026. Halving dates are the dates the trigger block was mined. The April 2024 halving is dated April 19 or April 20 depending on time zone; block 840,000 was mined just after midnight UTC on April 20. Cycle Peak Growth over the previous peak 2013 $1,127 — 2017 $19,665 +1,645% 2021 $69,044 +251% 2025 $126,198 +82.8% **This is the most important pattern on the page and it points the opposite way from the usual halving argument.** Each cycle has produced a higher peak and a smaller multiple. If that decay continues, the next cycle peak would be a far smaller percentage gain than the last — and three data points are not enough to extrapolate from with any confidence in either direction. ## Bitcoin supply mined, circulating supply, and halving impact More than 20 million of the 21 million bitcoin cap has been mined as of August 2026, which is over 95% of total supply, leaving fewer than one million coins to be issued over the next 114 years. The 20 millionth coin was mined at block 940,000 on approximately March 9, 2026. Supply measure Value as of August 27, 2026 Note Total cap 21,000,000 BTC Fixed by consensus rules Mined to date Over 20,000,000 BTC The 20 millionth was mined at block 940,000, about March 9, 2026, by Foundry USA Share of cap mined Over 95% Reached in under two decades Remaining to mine Fewer than 1,000,000 BTC Expected to take until roughly 2140 Daily issuance About 450 BTC 3.125 BTC × roughly 144 blocks a day Annual issuance About 164,250 BTC 450 × 365 Annual issuance rate About 0.82% Against a mined supply above 20 million Rate after April 2028 About 0.41% Subsidy halves; the supply base barely moves The halving's supply effect gets structurally weaker every time, and the arithmetic is the reason. The 2012 halving removed 25 BTC per block from issuance against a supply of about 10.5 million. The 2028 halving removes 1.5625 BTC per block against a supply above 20 million. Each halving cuts the issuance rate in half, but that rate is already below 1%, so the absolute change in new supply keeps shrinking. **Mined supply is not the same as available supply.** An unknown quantity of bitcoin — estimates vary widely and none is verifiable — is permanently lost to discarded keys. This page does not put a number on it. ## Does the halving actually cause bull markets? Every completed halving has been followed by a cycle peak within 12 to 18 months, which is four for four. That is a real pattern and it is also four observations, in a period during which bitcoin went from an experiment to an institutionally held asset — so the halving is confounded with adoption, liquidity conditions and monetary policy on every one of them. - **Four data points cannot separate causes.** Every halving cycle coincided with a distinct macro regime, and no cycle isolates the halving from everything else that changed. - **The event is fully known in advance.** The date and the exact block are public years ahead, so an efficient market should price the supply change before it happens rather than after. - **The supply effect is shrinking.** The 2028 halving removes roughly 82,000 BTC a year from issuance against a market that trades far more than that daily. - **The peaks are decaying.** Plus 1,645%, then plus 251%, then plus 82.8% — the pattern that is most consistent across cycles is diminishing returns, not repeating ones. The honest position is that the halving is a real and permanent change to bitcoin's issuance, that it has coincided with four bull markets, and that nobody can demonstrate which of those things caused the others. Treat cycle history as context for setting expectations, not as a schedule to trade against. ## What are the risks and misconceptions about crypto market halving? The four most costly halving misconceptions are that the halving guarantees a price rise, that its effect is immediate, that mining collapses afterwards, and that the cycle runs on a calendar. Each is wrong in a way that leads to a specific, repeatable mistake. Misconception What the record shows The mistake it causes "The halving guarantees a price increase" Four cycles is not proof of causation, and the peak multiple has fallen every cycle Position sizing built on a guaranteed outcome "The effect is immediate" Cycle peaks came 12.1, 17.2, 18.0 and 17.5 months after the halving, not days Buying the event and selling the disappointment weeks later "Mining becomes unprofitable and the network breaks" Difficulty adjusts roughly every two weeks; less efficient miners exit and the network continues Treating a hash-rate dip as a network failure "The cycle runs on a four-year calendar" Halvings fire on block height, and the peak-to-peak interval has varied by six months Anchoring an exit to a date rather than to a plan "This time is different" The 2024 cycle was the first with spot ETFs, and it still peaked and rolled over Assuming structural change removes downside **The risk that matters most is not that the halving fails to produce a rally. It is drawdown. Bitcoin has fallen more than 70% from a cycle high three separate times, and as of August 27, 2026 it sits 37.4% below the October 2025 peak. An allocation that cannot survive that is the wrong size regardless of what the halving does.** For sizing an allocation against a drawdown of that magnitude, see the [crypto portfolio strategy guide](/crypto-guides/portfolio-strategy); for the rules that decide what to trim when a cycle does run, see [crypto rebalancing strategies](/crypto-guides/rebalancing-strategies). ## What does a halving mean for miners and network security? A halving cuts miner subsidy revenue in half overnight while costs stay the same, so the least efficient operations become unprofitable and shut down. Network difficulty adjusts roughly every 2,016 blocks to compensate, which restores normal block times within about two weeks. The long-term question is not survival but whether transaction fees can replace a subsidy that keeps halving toward zero. - **Immediate effect:** subsidy revenue halves, marginal miners power down, hash rate falls. - **Adjustment:** difficulty retargets roughly every two weeks, blocks return to about ten minutes, and the remaining miners earn a larger share. - **Long-term:** after the 2028 halving the subsidy is 1.5625 BTC. The security budget increasingly depends on fee revenue, and no one has demonstrated that fees alone are sufficient at scale. This page does not recommend mining-equity exposure as a halving trade. Listed miners carry operational, financing and dilution risk that is unrelated to bitcoin's price, and their revenue is the one thing a halving cuts directly and immediately. ## How should a long-term investor think about positioning for the next halving? The defensible positions are the boring ones: decide an allocation you can hold through a 70% drawdown, buy on a schedule rather than around an event, and set your rebalancing rule before the cycle runs rather than during it. Nothing in four cycles of data supports timing an entry to a halving date that is still 19.6 months and 85,809 blocks away. Approach What it is The honest constraint Fixed-schedule buying A set amount at set intervals regardless of price Removes timing risk and also removes any chance of timing well; it is a discipline, not an edge Allocation-first sizing Decide the position size before deciding the entry The only variable here you actually control, and the one that determines whether you hold through a drawdown Pre-set rebalancing rules Bands or a calendar, written down in advance Rules set during a rally get abandoned during a drawdown, which is when they matter Waiting for the halving Holding cash to deploy near April 2028 The date is an estimate that will drift by weeks, and 19.6 months of opportunity cost is a real cost Mining-equity exposure Listed miners as leveraged bitcoin proxies Not covered here. Miner revenue is what the halving cuts, and equity risk is not bitcoin risk The record's clearest signal is that cycle peaks arrive 12 to 18 months after a halving and that each peak has grown by less than the last. Both halves of that sentence matter. A plan built only on the first half sizes positions for a repeat of 2021. The [Hot Coins Tracker](/hot-coins-tracker) records every CryptoBull pick's all-time-high return from the original call date across a nine-year published record. ### Get Cycle and Market Structure Updates Weekly analysis on bitcoin supply, cycle position and allocation discipline. Subscribe to CryptoBull Insights ## Frequently asked questions ### What to know about the next bitcoin halving? The next bitcoin halving is expected around April 13, 2028, when block 1,050,000 is mined and the block subsidy falls from 3.125 BTC to 1.5625 BTC. As of August 27, 2026 the chain sits at block 964,191, leaving 85,809 blocks or roughly 19.6 months at ten minutes a block. The trigger is block height, not a calendar date, so the estimate will drift by weeks as network hash rate changes. ### When does bitcoin half? Bitcoin halves every 210,000 blocks, which averages close to four years. The most recent halving was April 19–20, 2024 at block 840,000, and the next is block 1,050,000, expected around April 13, 2028 as of August 27, 2026. Halvings fire on block height rather than on a date, so the calendar estimate is always a forecast. ### What is a bitcoin halving, explained simply? A bitcoin halving cuts the block subsidy — the newly created bitcoin paid to whoever mines a block — in half. It happens automatically every 210,000 blocks under the protocol's consensus rules, with no vote and no announcement. The subsidy began at 50 BTC in January 2009 and, as of August 27, 2026, stands at 3.125 BTC after four halvings. ### What is the btc halving countdown right now? As of August 27, 2026 the countdown is 85,809 blocks: 1,050,000 minus the current height of 964,191. At roughly ten minutes a block that is about 595.9 days, or 19.6 months, placing the halving near April 13, 2028. Countdown clocks disagree by days because each uses a different recent-average block time, so the block-height arithmetic is the checkable figure. ### What happened at the bitcoin halving in 2016? The second bitcoin halving occurred on July 9, 2016 at block 420,000, cutting the block subsidy from 25 BTC to 12.5 BTC. The cycle peak that followed was $19,665 on December 16, 2017, roughly 17.2 months later, based on CoinMarketCap data as reported August 2026. That peak was 1,645% above the prior cycle peak of $1,127, a multiple that has fallen in every cycle since as of August 27, 2026. ### How much bitcoin supply has been mined, and what is the halving's impact on circulating supply? More than 20 million of the 21 million bitcoin cap had been mined as of August 2026, over 95% of total supply, with the 20 millionth coin mined at block 940,000 around March 9, 2026. Fewer than one million coins remain to be issued, spread over roughly the next 114 years. As of August 27, 2026 annual issuance runs near 164,250 BTC, an issuance rate of about 0.82%, which falls to about 0.41% after the April 2028 halving. ## Continue Learning Start from the [Crypto Guides hub](/crypto-guides) for the full research library. For the market context behind the current drawdown, see [our June 2026 selloff analysis](https://www.cryptobull.org/blog/june-2026-crypto-selloff-buy-the-dip-btc-eth-sol). [ ### Crypto Portfolio Strategy Sizing an allocation that survives the drawdowns this page describes ](/crypto-guides/portfolio-strategy)[ ### Crypto Rebalancing Strategies The rules that decide what to trim when a cycle actually runs ](/crypto-guides/rebalancing-strategies)[ ### Crypto Tax Guide 2026 Form 1099-DA and per-wallet basis, for the disposals a cycle exit creates ](/crypto-guides/crypto-tax-guide)[ ### Alt Season Explained How bitcoin cycles have historically fed altcoin rotations ](/crypto-guides/alt-season-explained)[ ### Stablecoin Guide Issuer risk in the sleeve most portfolios rotate into at a cycle top ](/crypto-guides/stablecoin-guide) ## Trusted Resources - [Bitcoin whitepaper](https://bitcoin.org/bitcoin.pdf) — accessed August 27, 2026 - [Total bitcoins in circulation](https://www.blockchain.com/charts/total-bitcoins) — accessed August 27, 2026 - [Network hash rate](https://www.blockchain.com/charts/hash-rate) — accessed August 27, 2026 - [Bitcoin halving countdown](https://www.coingecko.com/en/coins/bitcoin/bitcoin-halving) — accessed August 27, 2026 - [CME Group: Cryptocurrency Futures](https://www.cmegroup.com/markets/cryptocurrencies.html) — accessed August 27, 2026 **Disclaimer:** This guide is for educational purposes only and does not constitute financial or investment advice. Past halving cycle performance does not guarantee future results. Cryptocurrency investments carry significant risk. Always do your own research and consult a qualified financial advisor before making investment decisions. Figures in this guide were verified on August 27, 2026; prices, block heights and halving estimates change continuously, so confirm current values before acting. 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