#Binance CEO CZ shared a message on the exchange platform and made a warning about halving expectations. Stating that they have launched a "Halving countdown timer" on the main page of the stock exchange, CZ also commented on the price.
The Binance exchange has installed a countdown timer on its platform related to the upcoming halving of rewards in Bitcoin. CEO Changpeng Zhao, who gave the news via the "Binance Feed", touched upon the issue of price expectations via halving.
“It won't double overnight”
Stating that many people related to Halving are expecting a price increase, CZ stated that he thinks this will happen in the long run and in fact it has always been the case in the past:
“What usually happens during Bitcoin reward halving? I don't know about the future, but what I have to say is what I have experienced in the last 3 award semis. As we approach the Bitcoin halving, the conversations, expectations and hopes on the subject will increase even more in these recent months. The price will not double after one day of halving. And people are like, 'Why?’ they'll ask. However, a year after halving, Bitcoin increases several times and reaches new ATHS. People here are also asking, 'Why?’ he asks. Because people's memories do not remember the long period. He remembers the short term. Of course, I cannot prove that what I have said will happen. History does not always repeat itself.”
11 months later, ATH had done
The last halving took place in May of 2020, and Bitcoin did not show a significant increase in the reward halving here. December October, PayPal's crypto step and then the price increases in December, the biggest crypto money halving 11 months after the $ 64 thousand had enabled. Bitcoin had reached its historical peak with 69 thousand dollars in November of 2021.
