The research conducted by CoinGecko revealed that following each halving event, the value of Bitcoin experienced a substantial increase. The first halving in November 2012 saw the reduction of mining rewards from 50 BTC to 25 BTC, leading to an 8,858% surge in value within a year. The second halving in July 2016, when rewards were halved from 25 BTC to 12.5 BTC, resulted in a 294% increase in value over the same timeframe. The most recent halving in May 2020, where rewards decreased to 6.25 BTC, led to a 540% value increase for Bitcoin. As Bitcoin reached an all-time high of over $73,000 in January 2022, positive investor expectations and the launch of approved Bitcoin ETFs played a significant role in the surge. Analysts suggest that the impact of future halving events on the market will rely heavily on demand for Bitcoin.