Richard Teng, CEO of Binance, the world’s largest cryptocurrency exchange, thinks this year’s Bitcoin halving is “unique.”
Binance CEO, “This year’s halving is unique in that it coincides with several other positive developments for Bitcoin and the crypto ecosystem in general.” he commented.
Halving, which occurs every four years in Bitcoin, is the new BTC amount reduces it by half. Teng said the Bitcoin price would rise in the first six months after past halvings. to rise drew attention.
Teng, “In addition to the ETF step that attracted the attention of institutions, another major development in the crypto space today is the explosion in Layer 2 and DeFi mobility in the Bitcoin network resulting from the Ordinals protocol and Bitcoin inscriptions.” said.
Binance CEO says cryptocurrency markets will rise further based on various factors He made the following statement, saying:
“Although the above draws an optimistic picture for BTC and the crypto market in general, investors, especially those who are new to the crypto space, are in trouble. Keeping your expectations in check very important. after halving that there will be sudden price changes There are no guarantees, and the real significance of the halving is in terms of value, liquidity, adoption, and maintenance of crypto as an asset class. It will reveal itself in longer trends.“