Investment firm Morgan Creek Capitalchief investment officer Mark YuskoBitcoinHe claimed that may be on the verge of entering a new bull market.
giving an interview to a youtube channel Yuskhe, halving in bitcoinHe said that as we get closer to , an upward movement will be seen. The former hedge fund manager said, “My guess is it’s like May or June nine months before the halving… That’s always the case.” said.
As it is known, block rewards in Bitcoin are halved every four years. This event, called halving, causes the supply of new Bitcoin to be released to decrease. Bitcoin in the past three halving lived. These; 2012, 2016 and 2020 seen over the years. The next halving will take place in May 2024. Block rewards will go down from 6.25 to 3.125.
Yusko“The halving of block rewards every four years is hard-coded into Bitcoin. If you reduce the block rewards, theoretically many miners will be disabled unless the price changes. And price adjustment creates movement.” he said.
On the question, dogecoin also commented on Yusko, DogecoinHe argued that ‘ had no real use and therefore should have no value.