Zhao Changpeng, the former CEO of Coin, believes that the "halving" of Bitcoin is different from the stock split, emphasizing that the understanding of cryptocurrency is still in its infancy.
Zhao Changpeng answered a question about halving bitcoin on social media on Friday. He said, "someone askedMultiwheelrouletteMe, is halving bitcoin like a stock split? It's too early for us. (the answer is no) Happy halving! "
Zhao Changpeng also shared his views on halving Bitcoin last October. 'in the months before Bitcoin was halved, discussions, news reports, anxiety and expectations around Bitcoin usually increased,'he wrote at the time.
However, after halving, the price of Bitcoin did not soar overnight. Still, in the year after it was halved, the price of bitcoin often reached multiple all-time highs, prompting people to wonder why. Zhao Changpeng stressed that although there may be no proven causal relationship between halving and price changes, history does not necessarily predict the future.
Halving Bitcoin is a pre-programming mechanism that fundamentally affects the mining economy and could shape the future price and ecosystem of Bitcoin. The upcoming halving is the fourth of its kind and is scheduled to take place around April 20, 2024. The event will increase the reward for Bitcoin miners from 6.Multiwheelroulette.25 Bitcoins reduced to 3.125.
In contrast to stock splits, which increase the number of shares in a company without changing its market capitalization, halving Bitcoin slows down the creation of new tokens and effectively limits the supply of cryptocurrencies.