Someone once said that the halving of Bitcoin is like the World Cup every four years, but in fact, since its birth in 2008, the halving cycle of Bitcoin every four years is most synchronized with the time of the European Cup. There are still a few hours, This large-scale football event comparable to the World Cup is about to kick off. Now let us briefly review and analyze the performance of Bitcoin during the European Championship year before the opening game on June 12.
2012
The first Bitcoin production halving occurred on November 28, 2012. After the production reduction, the output reward was reduced from 50 to 25.
Euro 2012 (the fourteenth European Football Championship) was held in Poland and Ukraine from June 8 to July 1, 2012.
Champion: Spain
In February 2012, the price of a single bitcoin fell below $2, a drop of 1395% from the record high of $31.9 in June 2011! As an emerging digital currency, Bitcoin has unlimited potential based on blockchain technology. However, most investors who poured in during this explosive period still regard it as a stock to "earn quick money". However, the leaders of the early bitcoin community attached great importance to the historical mission carried by bitcoin. In the second half of 2012, the bitcoin foundation was established. At the same time, the first bitcoin conference was held in Europe, and relevant market measures were formulated. pick up. On December 6, 2012, the world's first bitcoin exchange was born in France, and the unit price of bitcoin returned to its peak, with a single bitcoin rising to $13.69. Then in 2013, Bitcoin rose from $32 to $300, and then plummeted by 80%.
2016
The second Bitcoin production halving occurred on July 10, 2016. After the reduction, the output reward was reduced from 25 to 12.5.
Euro 2016 (the 15th European Football Championship) is the 15th quadrennial European Football Championship organized by UEFA. The competition was held in France from June 10th to July 10th, 2016.
Champion: Portugal
In 2016, the Bitcoin market ushered in a huge change. The internal change was that the annual output began to shrink. The external change was affected by events such as Brexit, the US election, the surge in Asian investors, ICO and other events. The price continued to rise. As of December 2016, the breakthrough In the following year, Bitcoin started its second super bull market, rising to a new high of $20,000 in 2017.
Euro 2020 postponed to 2021 due to pandemic
Due to the epidemic, last year's large-scale events, the Olympic Games, and the European Cup were all postponed to 2021. However, the third Bitcoin production halving still occurred on May 12, 2020 according to Satoshi Nakamoto's code. The output reward has been reduced from 12.5 to 6.25.
Euro 2020 (postponed until 2021 to host the 16th European Football Championship), this tournament will be held in 12 cities in Europe without a host country, and the semi-finals and finals will be held in Wimbledon, London Leigh Stadium.
The plunge of Bitcoin in 2020 and 2021 seems to be more noticeable than the surge. Bitcoin has experienced two historic plunges, with the lowest drop to $3,000 in 312 and the lowest drop to $29,000 in 519. Even old leeks live for a long time See. But before May, Bitcoin rose by about 300% compared to 2020 to a record high of $64,000, and the current price of Bitcoin is hovering around $37,000. History will not repeat itself, but it is always strikingly similar. Let us wait and see whether the third Bitcoin halving will bring about a super bull market.
Risk warning: The above opinions are only the opinions of the author, not as investment advice
