April 30, 2025
Blockchain

We dive into dreams again: how much would we have if we bought 10,000 lira worth of Bitcoin before every halving?

  • August 1, 2024
  • 0

Aimed at keeping inflation under control by keeping the supply of Bitcoin limited halve (halving) means that the reward amount that Bitcoin miners receive for each block is

Aimed at keeping inflation under control by keeping the supply of Bitcoin limited halve (halving) means that the reward amount that Bitcoin miners receive for each block is halved.

In this regard, the first Bitcoin halving took place in 2012, the second in 2016, the third in 2020, The fourth will be in 2024 happened.

So if we bought 10,000 lire of Bitcoin before each halving, how much would we have today?

Before the first halving in 2012, the price of Bitcoin was around 12 dollars It was round.

Considering that the dollar rate at that time was about 1.75, 10,000 TL (5714 dollars) 476.16 Bitcoin could be taken.

Before the halving in 2016, Bitcoin’s price was around It was $650.

Considering that the dollar rate at that time was about 3.02, it amounted to about 10,000 TL (3311 dollars). 5.09 Bitcoins could be taken.

Before the 2020 halving, Bitcoin’s price was around $8,800 was on level.

About 10,000 TL (1426 dollars) 0.16 Bitcoins could be taken.

Before the halving in 2024, the price of Bitcoin will be approximately 63,501 they were dollars.

If we were to buy Bitcoin for 10,000 TL ($307), we would get approximately 0.0048 Bitcoin.

How much did we have in total? Let’s calculate it now.

  • Pre-2012 Halving: 10,000 TL to 476.16 BTC
  • Before 2016 Halving: 10,000 TL to 5.09 BTC
  • Halving before 2020: 10,000 TL with 0.16 BTC
  • Halving before 2024: 10,000 TL to 0.0048 BTC

So in total exactly 481.41 to Bitcoin we could have.

This makes the total given the current exchange rate ($65,950). $31,749,308 doing.

Full if in Turkish Lira 1,049,949,640 lire!

Source: Mint Gecko

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