Historically, the event has increased bitcoin prices exponentially, creating generational wealth for investors – but a presenting challenge for the miners that actually create BTC. During the third halving, which occurred in 2020, bitcoin’s price went from around $8,500 to nearly $18,000 within a few months, while the reward for successfully mining a block was cut to 6.25 BTC from 12.5 BTC.
Source: https://www.coindesk.com/business/2023/12/08/bitcoin-halving-is-poised-to-unleash-darwinism-on-miners/?utm_medium=referral&utm_source=rss&utm_campaign=headlines