Apr 18 2024: Billy Markus, the co-founder of Dogecoin and known for his humor and memes, recently made a jesting prediction about Bitcoin’s price post-halving. As the Bitcoin halving event approaches, Markus jokingly questioned if the halving meant that “the price will get cut in half.” This humorous take reflects the concerns of many in the Bitcoin community regarding potential price movements after the halving.
Markus, who goes by the alias “Shibetoshi Nakamoto” on Twitter, a playful nod to Bitcoin’s creator pseudonym, engaged in banter with the official Kraken exchange account, suggesting a lighthearted perspective on the halving’s impact on Bitcoin’s value. His jest aligns with the current apprehensions among cryptocurrency holders about a potential significant price drop following the halving, contrary to expectations of a price surge.
Bitcoin maximalist Samson Mow, CEO of Jan3, also acknowledged these concerns in a recent tweet, advising the community to enjoy “Bitcoin at $0.06 million” while they can. Mow, known for his optimistic outlook on Bitcoin’s long-term value, often predicts substantial price milestones for BTC.
The upcoming Bitcoin halving, where block rewards for miners will be halved, is highly anticipated within the cryptocurrency community. This event ensures Bitcoin’s deflationary nature by reducing the supply injected into the market. Influencers like Mow have emphasized the potential impact of the halving on Bitcoin’s supply and demand dynamics, contributing to market expectations and speculation.