The Bitcoin Halving, a notable occasion in the crypto sphere, came to an end on April 19. Consequently, Bitcoin miners now receive only half of their previous rewards, which have been decreased from 6.25 BTC to 3.125 BTC. This event sparked great interest within the industry, with experts sharing their insights and reactions.
Top 5 Celeb Reactions To Bitcoin Halving
1. Hunter Horsley, CEO of Bitwise:
Hunter Horsley acknowledged the crucial roles played by developers and miners in keeping the Bitcoin network functional and safe. Furthermore, he pointed out that the Bitwise Bitcoin ETF (BITB) experienced inflows totaling $11 million during the Halving week, indicating growing investor enthusiasm for cryptocurrency. Lastly, Horsley expressed admiration for the innovative minds and constructive builders in the Bitcoin community.
2. Dan Held, Advisor at Trust Machine:
Dan Heled looked back on past Bitcoin halvings and observed how the cryptocurrency’s visibility had grown. He recalled being oblivious to Bitcoin in 2012 but later witnessing more and more recognition, even during parties and lockdowns. Held praised Bitcoin’s transition into mainstream consciousness, as friends and family now acknowledged the importance of the Halving events.
3. Peter Schiff, Renowned Economist:
Peter Schiff, who is well-known for his skepticism towards Bitcoin, made a sarcastic remark to the Bitcoin community about the recent Halving event. He raised doubts about the reason for celebration and mentioned that he wasn’t invited to any parties related to it. In addition, Schiff pointed out that Bitcoin holders could expect a significant decrease in their net worth due to the Halving process. These comments underscored Schiff’s persistent criticism of Bitcoin as a viable investment or store of value.
4. Alessandro Ottaviani, Owner of Store of Bitcoin Podcast:
Alessandro Ottaviani viewed the Bitcoin halving as a significant milestone. He underlined how Bitcoin’s scarcity sets it apart as the most valuable form of currency in existence. Furthermore, he stressed that scarce assets play a crucial role in preserving wealth and driving progress.
The author noted that after this halving, the annual production of Bitcoin would rise by approximately 0.85%, making it the most scarce and valuable form of money in existence. He also emphasized that currently, there is less Bitcoin in circulation than there is gold.
Ottaviani expressed confident forecasts about Bitcoin’s future growth. He predicted a price surpassing $1 million and an increase in institutional investment. Moreover, he emphasized that bearish trends would not prevail, anticipating only a possible 30% decrease in Bitcoin’s price.
5. Caitlin Long, CEO and Founder of Custodia Bank:
Caitlin Long underscored the historical rarity of Bitcoin, stressing its importance in monetary annals. Furthermore, she praised the Halving phenomenon for accentuating Bitcoin’s scarcity contrasted to conventional currencies.
Long’s statement emphasized the increasing awareness of Bitcoin being a rare and precious asset with scarcity unprecedented in history, similar to money. #Bitcoin halving cheer, folks!
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2024-04-20 14:11