Binance founder Changpeng Zhao has cleared his followers on the differences between Bitcoin halving and stock split.
This message is crucial as the next Bitcoin halving event is less than 24 hours away.
Changpeng ‘CZ’ Zhao, founder of Binance Holdings Ltd has proclaimed that Bitcoin halving cannot be likened to a stock split. In a Tuesday post on social media X, Zhao stated,
“Someone asked me if bitcoin halving is like a stock split… We are still early. (Answer is no). Happy halving.”
Bitcoin Halving Explained
Throwing more light on the Bitcoin halving event, Zhao shared an earlier post dated October 2023. While he acknowledged at the time that it was hard to forecast the future, he did note that based on previous experiences, there was usually greater discussion, news, hype, and anticipation about Bitcoin in the months leading up to the event.
He, however, mentioned that Bitcoin’s price will not skyrocket a day after the event. This move, according to him, will lead to q
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