CZ’s Statement About Bitcoin Halving: “The Rise Will Not Happen Overnight”!

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Changpeng Zhao (CZ), founder and former general manager of Binance exchange, said: Bitcoin Halving He answered an important question about . This event is very close to take place and it is a very important turning point for crypto users.

Important Statement from CZ

Changpeng Zhao quoted a tweet he made in October last year. In this context, he shared his thoughts about the Bitcoin halving. CZ specifically noted that after past halvings, the Bitcoin price began to rise to new highs. However, CZ emphasized that this rise will not happen overnight and is based on the experience of three previous halvings.

In the same article, CZ warned that the future is unpredictable. For this reason, he stated that he did not make any Bitcoin price predictions.

In today’s X post, Zhao mentions a recent crypto- He stated that he received a question from a fan asking “whether Bitcoin’s halving is like a stock split?” The answer to this in the post is no. happened.

Bitcoin Halving and the “Omega candle”

Many experts, such as Samson Mow and Anthony Pompliano, point to the halving as a major driver of Bitcoin price growth in the near future. The halving will create a BTC supply shock as the amount of newly produced Bitcoin will be halved. This will reduce the supply to increase the value of Bitcoin.

On the other hand, spot Bitcoin ETFs approved in mid-January created a demand shock for Bitcoin as miners began accumulating more BTC than they produced each day. This may increase demand for Bitcoin, supporting prices and contributing to its rise.

In one of his tweets this year, Samson Mow stated that when supply and demand shocks come together after the halving, Bitcoin will print an “Omega candle” that will likely push the price to $1 million. At the time of writing, Bitcoin is trading at $64,621 after printing a massive hourly green candle today.


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