[What will happen after Bitcoin halving? Experts comment on historic moments]
As the 2024 Bitcoin halving approaches, crypto.news asked CoinGeek Chief Bitcoin Historian Kurt Wuckert Jr. and Ordinals Wallet CEO Joshua Petty to discuss the halving’s impact on the market.
Regarding the impact on the Ordinals market, Wuckert Jr. believes that the halving will not have a direct impact, pointing out that the trading volume and value of Ordinals are independent of the halving event. Petty believes that halving will increase attention to Bitcoin, thereby indirectly increasing attention to Ordinals.
Regarding the future of Bitcoin relative to fiat currencies, Wuckert Jr. emphasized the hard-to-crush nature of Bitcoin, while Petty was optimistic about Bitcoin’s resilience and persistence in one form or another even in the face of government intervention.
Talking about the impact of halving on mining and the market, Wuckert Jr. pointed out that the scarcity created by halving does not necessarily push up prices, while Petty believed that halving has become the reason for market ecstasy.
Finally, as the halving approaches, investors are buying Bitcoin in the hope that the reduction in supply will drive the price up, with some predictions that the price of Bitcoin may exceed $100,000 by the end of 2024. This reflects broad investor expectations for the Bitcoin halving event and its impact on the market.
