Bitcoin critic Peter Schiff warns BTC holders after halving ends
Peter Schiff, a longtime Bitcoin skeptic and gold supporter, warns that the halving will not necessarily lead to the much-anticipated rise in prices. He believes that the halving event may ultimately fail to produce the expected returns, causing Bitcoin holders to experience a "halving" of their net worth, which implies a drop in price.
As Bitcoin enters a new chapter following the completion of its latest halving, the debate about its future trajectory continues.
Before the halving event, analytics firm IntoTheBlock highlighted the trend in the price of BTC after each Bitcoin halving, noting that there is often a bullish trend that lasts for about a year.
Additionally, miners' BTC holdings are at a 12-year low, meaning miners were net sellers before the halving.
