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Binance CEO Changpeng Zhao expects Bitcoin to reach new all-time highs after the April 2023 halving but advises against premature FOMO.
CZ suggests that typically, a year after the halving, BTC achieves multiple ATHs, as seen after the May 2020 halving when it surged from $8,000 to $29,000 in early 2021.Binance’s CEO Changpeng Zhao has his eyes set on the Bitcoin halving, predicting new all-time highs for BTC after the event, which takes place on April 25 next year. However, he had some advice for people who may feel FOMO too early., Binance added the Bitcoin halving countdown to its homepage.
And this segues to one of CZ’s warnings: the crypto market can be unpredictable. Therefore, users may feel stunned as BTC’s price won’t double overnight. Instead, the halving takes Bitcoin into a series of adjustments and price consolidationIt’s a year after the halving, CZ says, that BTC can hit multiple ATHs. If we look at the last halving in May 2020, the price was around $8k.
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