Changpeng Zhao: "The Bitcoin course will not double in one night after halving" – Bits Media

Binance General Director of the largest crypto -tank outlined his observations regarding the historical laws of changing the Bitcoin course after the malebye rewards for the miners, which occurs once every four years.

Changpeng Zhao (Changpeng Zhao) suggested, What a for A few months, Bitcoin halving preceding, There will be more and more talks about the upcoming change in the cost of BTC in the crypto community, And among investors, changing moods will prevail. Zhao tried to refute the widespread opinion about, that the Bitcoin course immediately after halving will begin to grow.

Bitcoin halving is a pre -planned event on the network, in which the amount of remuneration for blocks, miners miners, It is halved. Such an economic model leads to a deficiency of cryptocurrency proposal, increasing the value of coins and contributing to the growth of bitcoin.

“The Bitcoin course will not double in one night, The next day after the halving. And people will ask: Why did this not happen? Typically, bitcoin reaches several maximums a year after the reduction of the award to miners, And people ask again: Why? Maybe, They just have a short memory ", - remarked Zhao.

The head of Binance called on traders and investors to act with caution. The businessman agreed, that historical patterns cannot predict the future, And a causal relationship, concerning the growth of the btc course, may not exist.

Last year Zhao suggested, that the first cryptocurrency will be able to jump its historical maximum in $69 000 to 2024 year. A few months ago, a businessman called himself an active supporter of bitcoin, stated, that even if his course fluctuates, This does not affect the usefulness of the coin.