The countdown has begun for Bitcoin’s halving event. Former Binance boss Changpeng Zhao shared a post to clarify an issue regarding halving. Meanwhile, Binance co-founder Yi He explained that CZ’s legal situation is “largely peaceful.”
Former Binance boss shared an important halving article!
cryptokoin.comAs you follow from , former Binance boss Changpeng Zhao left his seat in a dramatic manner. However, CZ is conducting some new studies and continues to share his views on market developments. Finally, CZ answered an important question regarding the upcoming Bitcoin halving event.
Meanwhile, this event, which is essential for any crypto user, will take place later this week. The highly anticipated halving will reduce the block reward once again. Thus, it will bring more scarcity to the leading cryptocurrency. Changpeng Zhao also shared his thoughts on the Bitcoin halving, published in October last year. CZ specifically noted that one year after the halving, the Bitcoin price began to rise to new highs. It won’t double in size overnight, although many people will start asking why.
Weird question: Is Bitcoin halving like a stock split?
These views of Changpeng Zhao are based on his previous three halving experiences. In the same article, CZ warned that he cannot predict the future. For this reason, he stayed away from making any Bitcoin price predictions.
The former Binance boss stated that he recently received a question from a crypto fan asking whether “Bitcoin halving is like a stock split.” His answer to that in the post was no. According to CZ, such questions, which point to the arrogance of many people when it comes to fundamental issues such as the Bitcoin halving mechanism, show that “we are still early.”
Binance co-founder Yi He explained the legal status of CZ!
Binance co-founder Yi He said that he is in a positive position in the United States regarding the punishment that former CEO Changpeng Zhao will receive on April 30. According to Binance News, Zhao stated at a community gathering in Dubai that his situation in the US was peaceful. They also anticipated regulatory pressures, he noted.
The comment came after Zhao was convicted in the US last year and resigned. The sentencing hearing will take place on April 30. At this hearing, Zhao is likely to face up to 18 months in prison. US prosecutors are requesting a longer sentence. Zhao was released on $175 million bail. He also continues to comply with his bail conditions. Earlier, a judge rejected CZ’s request to go to Dubai.
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