There are only 198 days left before the Bitcoin halving. Looking back at the past three halvings, Zhao Changpeng believes that the halving will not happen immediately, but the market will be full of topic speculation and news in the short term. However, he is confident that new historical highs may continue to break out one year after the halving.
The countdown to Bitcoin’s fourth halving is less than 200 days away and is expected to occur on April 25, 2024. This major issue has also attracted the close attention of Binance founder Changpeng Zhao. CZ wrote an article on Binance Square about his past experience and predictions. He believes that the Bitcoin halving will not happen directly at the moment, but will ferment in a year. He also predicted that Bitcoin will set a new record high by then:
What will happen when Bitcoin is halved? I can’t predict the future, but I can make a simple conclusion based on the past three times:
1. The months leading up to the halving will be filled with endless chatter, news, anxiety, hype, hope, etc.
2. Bitcoin will not rise the day after halving, and people will ask why?
3. One year after the halving, multiple ATHs will be hit, and people will ask why?
But this is not a verified causal relationship, and history cannot verify the future.
2025 is mentioned many times as the key
In fact, Zhao Changpeng has expressed his opinions on Bitcoin halving and future currency prices on Twitter many times in the past. He believes that prices are unpredictable, and Bitcoin will return to the annual market in 2025, and may even break the historical high of 68,700 US dollars at the end of 2021. CZ also mentioned at the time that the bull markets in 2013, 2017, and 2021 had many similarities. Later, CZ also mentioned in the AMA in July that the new Bitcoin spot ETF may be a new topic worthy of attention in addition to Bitcoin halving.
In May, JPMorgan Chase also made a prediction about Bitcoin halving, believing that Bitcoin will rise to at least $45,000, and that the rise will be driven by the halving. However, JPMorgan Chase has recently warned of the risk of rising U.S. Treasury yields and rising neutral interest rates. Analysts have also warned that excessively high yields may trigger financial disasters. Therefore, how to survive until the next market comes may be the key to institutional priority decision-making.
