Expert opinions about Bitcoin halving

2022-01-15 区块链达人

Among the bullish experts is Anthony “Pomp” Pompliano. Pomp believes that the Fed’s “infinite money” policy will also be a catalyst for the rise in Bitcoin prices. As the traditional financial institution prints money in an attempt to mitigate the crisis caused by the Covid-19 pandemic, Bitcoin is preparing to cut back on its supply. Among the analysts and investors who think like Pomp are Mike Novogratz and billionaire Paul Tudor Jones.

This price movement is possibly influenced by the activity of traders and investors and miners preparing for the Bitcoin halving. According to the research firm Glassnode, the number of Bitcoin whales has over the past few months in anticipation of the halving.

However, it is necessary to consider that other fundamental aspects of the Bitcoin network have reached new all-time highs. For example, the average block size on the Bitcoin network increased twice during May. First, on May 2 when the blocks reached an average size of 1,341 MB and then on May 7 when the block size reached 1,312 MB.

Author : Reynaldo