Many people were waiting for a tweet from CZ about BTC and the halving.
CZ Binance stated that he mostly held only 2 coins, which are BTC and BNB. He holds the same BTC as in 2014, which he has not decreased nor increased.
CZ Binance tweeted: “With less new Bitcoin supply coming to market, I feel richer already.”
There have been violent swings happening in the BTC market.
CZ Binance tweeted: “Innocent friend: CZ, what does halving mean? Me: remember how I told you 1 BTC always = 1 BTC? Well today: 0.5 BTC = 1 BTC (I am the worst teacher in the world)”
One of the commentators replied, “I explained it, it’s like a miner going to a mine. He is still doing the same job, but the employer only gives him half the gold now. However, that gold should be worth more soon because there is less of it around!”
Yet someone else opined, for miners, that means instead of 100k a day income, it’s now 50k a day income. Nothing bullish short-term about halving. Miners with capitulate.
Someone who is positive about Bitcoin replied, you need to take this down as you insinuating that in a few hours, people will have double the amount of BTC they hold.
No 1 BTC = 2btc = 1/2 the fiat. And, the bears are waiting to buy when the price goes further down.
Sydney Ifergan, the crypto expert, tweeted: “Multiple perceptions from different people. The consequences of Bitcoin halving will be known very soon. Whether 0.5 BTC = 1 BTC, 1 BTC = 2btc = 1/2 the fiat or anything else will be known. ”
Another funny reply read, 1/2 living man = 1/2 dead man. So, living man = dead man.
CZ clarified that several other insurance funds do not decrease, but stated that theirs does. He stated that protecting users takes money and many times $30m in this case.
Binance tweeted: “The Binance Futures Insurance Fund used over 13,000,000 USDT yesterday protecting users from further ADL’s. We will inject an additional 30,000,000 $USDT into the insurance fund, on top of the 7,500,000 USDT from April 30th, to both support, and continue to protect our users.”
Many of them cannot be without tweeting about BTC halving, and CZ seems to be one of them.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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