Cryptocurrencies
Binance CEO Sees Virus-Era Growth, Boost to Bitcoin From Halving
- Bitcoin halving should be a positive for crypto industry: Zhao
- Coins awarded for processing transactions drop after halving
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A lot of ink has been spilled over Bitcoin’s halving, with crypto luminaries the world over taking sides on how much it will affect the token’s price. Will it push Bitcoin higher or does its anticipatory nature necessitate much has been priced in?
To Zhao “CZ” Changpeng, chief executive officer of Binance Holdings Ltd., the world’s largest spot crypto exchange by volume, it’s a no-brainer. “The halving should be very positive for the crypto industry,” said Zhao in an interview from Singapore, citing historical precedent.