Head of the world’s largest exchange shared his thoughts and observations about the upcoming Bitcoin halving
In the post, CZ talked about the upcoming Bitcoin halving, which is approximately six months away from now. CZ shared his experience based on the previous three Bitcoin halvings.In his post, CZ pondered on the question often asked by new members of the crypto community – “what happens around Bitcoin Halvings?”
He also stressed that there is no any proven causation driven by halvings to the BTC price and “history does not predict the future”.Bitcoin halving is a programmed point when rewards received by miners get cut by half, in order to make a coin more deflationary. This also means that the number of coins injected to the market gets sliced by half too. It works for Proof-of-Work-based cryptocurrencies.
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