The Currency Analytics
By Maheen Hernandez
CZ Binance on Bitcoin Halving
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.
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.
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.
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.
Many of them cannot be without tweeting about BTC halving, and CZ seems to be one of them.