Halving countdown: 192 days left! Binance's Zhao Changpeng: Bitcoin's price will reach its historical high one year after the halving.
Binance has added a countdown to the Bitcoin halving on its homepage, with founder Changpeng Zhao using the recently launched "Binance Feed" feature to express his views on the Bitcoin halving.
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What Happens During Bitcoin Halving?
Zhao Changpeng, CZ, stated that he cannot predict the future, but based on the experiences of the past three halvings, he has three thoughts:
1. In the months leading up to the Bitcoin halving, there will be increasing discussions, news, anxieties, expectations, speculations, and hopes.
2. On the first day after the halving, the price of Bitcoin will not double overnight. People will wonder why it did not double.
3. Within a year after the halving, the price of Bitcoin will reach multiple all-time highs (ATH). People will wonder why. People have short memories.
However, this does not mean that these phenomena have proven causality, as history cannot predict the future.
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