Bitcoin News
By Maheen Hernandez
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CZ Binance on Bitcoin Halving
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Many people were waiting for a tweet from CZ about BTC and the halving.
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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.
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CZ Binance tweeted: “With less new Bitcoin supply coming to market, I feel richer already.”
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There have been violent swings happening in the BTC market.
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CZ Binance tweeted: “Innocent friend: CZ, what does halving mean? Me: remember how I told you 1 BTC always = 1 BTC? Well today: 0.
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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.
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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.
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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.
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No 1 BTC = 2btc = 1/2 the fiat. And, the bears are waiting to buy when the price goes further down.
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Sydney Ifergan, the crypto expert, tweeted: "Multiple perceptions from different people. The consequences of Bitcoin halving will be known very soon. Whether 0.
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Another funny reply read, 1/2 living man = 1/2 dead man. So, living man = dead man.
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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.
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Binance tweeted: “The Binance Futures Insurance Fund used over 13,000,000 USDT yesterday protecting users from further ADL's.
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Many of them cannot be without tweeting about BTC halving, and CZ seems to be one of them.
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