Crypto partisans are easy prey to FUD (Fear, Uncertainty, and Doubt). With this in mind, Binance exchange CEO Changpeng Zhao believes that in the coming of the next halving event, there will be those questioning upside price movements.
This as he explained in a tweet is the same doubt that crowded so many adherents, failing to board the train before and after the halving while prices were a fraction of what they are this year.
During the third and most recent halving event that took place mid-May last year, there were a lot of questions about price movements. While it was expected that in the days to and following the event, Bitcoin would be setting record levels, it turned out to be a non-event.
At the time, Bitcoin was struggling to break above $10,000. But falling short and tightening in the $7,000 and $9,000 range. Despite record google searches and spiking social media discussions about the event, there was nothing in it for prices. The market expectation had not been met and every analyst was trying to answer one question- is the halving priced in?
Like all the discussions around this time a year ago, in 3 years time, a whole new bunch of people will ask if the #bitcoin halving will an impact on its price. Save this tweet for future reference. pic.twitter.com/kVfO4jdVJC— CZ Binance (@cz_binance) March 23, 2021Those who believed that the halving would have little to no effect on prices were in the months that followed proven …
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