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The much-anticipated Bitcoin halving has arrived, and Bitcoin faithful cheered the event, with many heralding a new era in Bitcoin—especially as the new Runes protocol came online.
Speculation on the halving has been growing since the start of the new year. In January, after the SEC approved the first set of Bitcoin ETFs, fuel was added to the fire, and investors began to speculate what the fourth half of the decline would mean for the value of the number one cryptocurrency.
Going into the halving, the sentiment around Bitcoin was high, with a 47% positive level, according to the analysis site Moon Crash. of The pulse of the crypto community is reliably monitored on Twitter. Crypto currency exchange Coinbase Set the stage with a tip of the hat to Bitcoin's digital working class.
“The fourth half of Bitcoin is here.” The company wrote on Twitter. “And it's a real thank you to those who have been hurt the most. So, to the miners, thank you for moving money forward.”
When Bitcoin finally blocked 840,000, Crypto Twitter celebrated.
Michael Saylor, the founder of the largest Bitcoin institution, announced “840,000 blocks of truth”.
“This is my 4th semester!” General partner in asymmetric And held He said on Twitter. “2012: I didn't even know about it. 2016: Bitgo party with only 20 people; 2020: Covid Lockdowns; 2024: Friends and family know about it, mainstream press talking about it, parties around the world. It's amazing to see Bitcoin go mainstream.
The event brought many crypto enthusiasts in person and created optimism for the future.
Caitlin Long, founder and CEO of Custodia Bank, said: “Never in the history of mankind has there been such a good thing that people have used as money.” “Happy Bitcoin Halving, Pip!”
“Good Half!!!” said Corey Clipston, CEO of Swan Bitcoin. “Welcome to Epoch 5!”
“We get crazy early,” says financial writer Zach Voll.
The Ord.io account posted “Happy Bitcoin Halving.” “The Age of Runes has begun!”
For some, the half was a brief respite in the never-ending cycle of work.
Not everyone was in a happy mood. Bitcoin detractors took a moment to throw cold water on the occasion.
“Congratulations Bitcoiners on the Halving,” said longtime Bitcoin promoter Peter Schiff. “Are you guys throwing parties tonight and celebrating this occasion? I'm not invited to anyone. I think halving is an apt name for what I'm thinking, like #Bitcoin #HODLers net worth halving.”
Now that it's halfway there, you can now see if your guesses were right. The common expectation around the halving is that it will cause Bitcoin's price to rise – eventually. In February, the founder of SkyBridge Capital Anthony Scaramucci He suggested that Bitcoin could rise above $200,000 after the reduction.
However, it is still a little early to confirm any bets. In the first hour after halving. The price of Bitcoin Basically stable.
Edited by Ryan Ozawa.
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