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Binance CEO Changpeng Zhao Says Bitcoin Halving Has Yet To Be Priced In

Roland James

Summary: Changpeng Zhao (CZ), the founder and CEO of major crypto exchange Binance, believes that Bitcoin’s (BTC) price hasn’t adapted to the impending block reward halving. According to an interview with BlockTV on Feb. 19, Zhao stated that he expects BTC to see increased upward movement in the future. The CEO goes on to explain in ...

Changpeng Zhao (CZ), the founder and CEO of major crypto exchange Binance, believes that Bitcoin’s (BTC) price hasn’t adapted to the impending block reward halving.

According to an interview with BlockTV on Feb. 19, Zhao stated that he expects BTC to see increased upward movement in the future. The CEO goes on to explain in the interview that, historically, Bitcoin’s block reward halvings have resulted in growth for the coin’s price. While Zhao did admit that historic events do not necessarily predict future events, he also noted that miners will have to spend almost two times as much to mine a single coin.

By Roland James

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