@binance: While the price of #Bitcoin may have taken a hit over the past few days, miners are undeterred as both $BTC's hashrate and difficulty hit a new ATH. The halving is just over 2 months away. ⏳https://t.co/YncS517mAc https://t.co/7DL6Rp4rsp
Binance CEO said bitcoin halving price affects are not yet in
Zhao suggested in an interview on February 20 that Bitcoin's price will continue to move up in the future because of bitcoin halving 2020 The CEO explained that Bitcoin's block reward halving has had a positive impact on the price of the coin in the past. Admitting that historical events do not necessarily predict future events, he found that miners have to spend almost twice as much to mine a single coin. BinanceCEO Zhao found that the price of an asset depends on demand, not production costs, but expects the miners to be unwilling to sell below the production price. Demand increases while supply decreases In addition, Zhao said another consequence of a lower Bitcoin block reward is lower inflation, which should also contribute to the price hike. He noted that the effects of lower coin production are increased by an increasing number of users in the room, and said: "The demand side increases, the supply side decreases." However, Zhao also said he expected resistance to keep Bitcoin's price at $ 10,000 for some time, saying, "There are psychological barriers to nice round numbers. So 10,000 is a very nice round number, so the price [...] will fluctuate a bit. " Investors are increasingly optimistic about Bitcoin While the price of Bitcoin has just dropped below $ 10,000 again, the outlook for Bitcoin is largely positive, according to many experts. 50-day moving average of Bitcoin has exceeded the 200-day moving average. Known as the "golden cross", this rare bullish sign suggests that Bitcoin can hit $ 26,000 in just two months thanks to a bullish event that previously triggered a price increase of 170%.
@binance: Less than 20 days to the next #Bitcoin block halving. Is the halving already priced in? Check out the countdown in real-time with @BinanceAcademy https://t.co/sjkv2CHEpH https://t.co/fvME7HU3SS
With Bitcoin’s price on the rise, Google searches for ‘Bitcoin Halving’ are at an all time high, showing us that more people are looking to educate themselves on the halving and on Bitcoin in general,” she told Decrypt. “At Binance US, we’ve seen user registration triple over the last several months. Confidence in legacy ... Bitcoin’s much-anticipated halving event had an oddly muted effect on its price, as prices consolidated within the range of $8,000 to $10,000, a relatively narrow range compared to previous months. On average, Binance Futures’ perpetual contracts generated positive returns for investors in the month of May. As for the price of Bitcoin, CZ says: “There’s a psychological effect, which also pushes the price up, but fundamentally I believe supply is limited, but demand is increasing exponentially”. On his Twitter channel, where normally the CEO of Binance is very active, he explained the meaning of Bitcoin halving: 0.5BTC = 1BTC According to Binance’s CEO, Changpeng Zhao there exists a psychological barrier at round numbers, like currently at $10k price. Due to this barrier, there are fluctuations in the price. CZ, who appeared in an interview with BlockTV, talked about the factors contributing to price. He also presented arguments for why he believes the king coin is not priced in for the halving. CZ added: “The ... The bitcoin price has this week soared by almost 20%, topping $9,000 per bitcoin for the first time since late February, ... Binance, adding she's "bullish" on bitcoin long term. The year after the 2016 bitcoin halving, the bitcoin price soared from under $1,000 per bitcoin to around $20,000 in less than 12 months. Meanwhile, BinanceUS has reported a surge of new users in recent weeks as the ... on Monday, according to Binance. But it might impact Bitcoin’s price in other ways, says Zhao. Miners may also be more willing to hold onto their Bitcoin for longer in lieu of selling at prices ... Binance wirft einen Blick auf das Halving und beantwortet einige wesentliche Fragen, um das Ereignis und seine Auswirkungen auf den Bitcoin-Preis zu verstehen. Das Halving wurde 2009 geschaffen, um zu verhindern, dass das gesamte BTC-Angebot in weniger als einem Jahrzehnt geschaffen wird, wie Binance behauptet. Das Halving findet alle 210.000 Blöcke statt und reduziert die BTC-Emissionen um ... He argues that the price of bitcoin could be stuck hovering around $10,000 for a while until the impact of the halving is fully priced into bitcoin. Others agree. Others agree.
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