Richard Teng, CEO of Binance, said that the next halving is taking place under unique circumstances.

Teng referred to the following events as such:

- the approval of spot bitcoin ETFs, the inflow of significant capital into the sector;

- the growing popularity of second-tier solutions;

- stimulating the development of the DeFi sector in the bitcoin ecosystem, which was influenced by the popularity of the Orders protocol.

According to Binance's CEO, historically, the price has seen an increase within six months after a halving. It is worth noting that Teng's conclusions echo the results of a study by CoinGecko experts.

However, the head of the exchange noted that many variables should be taken into account in this matter:

"Although all of the above points to a positive outlook for bitcoin and the crypto market in general, it is important that investors' expectations, especially those of newcomers, are met."

According to Teng, one should not expect an immediate price change immediately after the halving. He believes this is unlikely, putting more value on the implicit benefits, such as increased adoption.

As a reminder, halving is expected to take place on 20 April 2024.