Changpeng Zhao, chief executive and cofounder of Binance exchange, has published a post on the new Binance Feed platform (part of Binance, not a separate website) and then shared a link to it on the X app.
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.
"Bitcoin price hits multiple ATHs," "people have short memory"
In his post, CZ pondered the question often asked by new members of the crypto community: "What happens around Bitcoin halvings?"
CZ admitted that he cannot predict the future, so he was just sharing his observations on how the previous three halvings influenced Bitcoin and its price. Changpeng stated that usually a few months before the event, the amount of pre-halving discussions, anxiety, expectations and hype is bound to increase. Once halving takes place, the BTC jump remains unaffected, at least it "will not double overnight" and people will begin asking why, CZ wrote ironically
Per what CZ wrote, the Bitcoin price will begin hitting various all-time highs no earlier than a year after the halving event, and "people ask why. People have short memories," CZ added.
He also stressed that there is no any proven causation driven by halvings to the BTC price, and "history does not predict the future #BinanceSquare $BTC ."