Experts have differing opinions about post-halving bitcoin price

Experts have differing opinions about post-halving bitcoin price

More optimists predict that the price of the cryptocurrency may repeat previous halving performance; others prefer to bet that there will be no high

Experts have differing opinions about post-halving bitcoin price

By Editorial Staff

The halving of bitcoin planned for early May divides opinions. While many experts consider that the bitcoin post-halving price rise will be inevitable, others are more cautious and do not foresee such a bright future for the price of the bitcoin after halving. Check what some of them said on Twitter.

1- Carl Eric Martin

Youtuber Carl Eric Martin predicts the bitcoin is getting ready for a big high right after the halving. And he associates the movement with the release of the bitcoin in India, the legalization in South Korea and the definition of bitcoin as a cash currency in France.

2- Anthony Pompliano

Morgan Creek Capital co-founder Anthony Pompliano said there was no better time for the Federal Reserve to cut interest rates in the US due to the impacts of coronavirus two months before the bitcoin halving. “They will cut interest rates and print money at the very moment when the bitcoin will suffer a supply shock”, he said.

3- CZ

On the other hand, the CEO of the world’s largest exchange, Binance, Changpeng Zhao, or CZ, as he is known, tweeted a chart of bitcoins’ performance in the first two halvings in 2012 and 2016. And he told his audience to draw their own conclusions.

4- Roger Ver

The Bitcoin Jesus Roger Ver was the only dissenting voice among some of the best-known crypto personalities. For him, there is a very real possibility that the bitcoin will not rise in price right after halving. For the first time, according to him, the blocks are full and there is no room for additional exchanges. However, his opinion may be biased because just below the first statement, he makes a compliment to the bitcoin cash, the currency he helped found on the fork of the bitcoin in 2017.

5 – Peter Schiff

Another opposing voice, the CEO of Euro Pacific Capital, Peter Schiff, believes that current market news could not be more favorable to bitcoin, but they are not reflecting in the currency price behavior.

6- Daniel Larimer

Daniel Larimer, of EOS_IO, says it is not possible for the market to have already priced the bitcoin halving because the price is set at the margin based on supply and demand. For him, the only way to price the halving is to double the number of buyers before halving and then disappear with that demand.