Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, said: “Don’t expect the price of Bitcoin to double overnight.” said.
Speaking at the Binance Blockchain Week event in Istanbul, Changpeng Zhao said that the blockchain is expected to take place in April/May 2024. halving evaluated.
In the past halving three times happened and the next day after the halving, Bitcoin price a big change Saying that there is no such thing in the market, Zhao said that Mobility in the year before the halving and the year after the halving He emphasized that it happened and “Don’t expect the price to double overnight.” said.
Number of Bitcoins in circulation decrease by half Binance CEO said that it will have psychological effects: The demand for cryptocurrencies will grow exponentially he thinks.
Binance recently introduced the wallet called Binance Web3 Wallet to facilitate the use of DeFi. Zhao believes digital wallets will benefit the crypto industry “Entrance Door” is and wallets should be easy to use he stated.
Adding that he could not come to Istanbul due to personal reasons, Zhao said: “Very soon” He added that he would visit Istanbul.