The Bitcoin halving event, a significant milestone in the world of cryptocurrencies, ended on Friday, April 19th. Additionally, the BTC mining reward has been reduced from 6.25 BTC to 3.125 BTC. The event attracted widespread attention from a variety of industry participants, each offering their own unique perspectives and reactions.
Top 5 Celebrity Reactions to Bitcoin Halving
1. Bitwise CEO Hunter Horsley:
Hunter Horsley thanked the developers and miners who maintain and keep the Bitcoin network secure. Additionally, he highlighted that the Bitwise Bitcoin ETF (BITB) saw $11 million in net inflows during the week of the halving. This shows investor interest in cryptocurrencies. Horsley also emphasized his gratitude to the community of thinkers and builders who have contributed to Bitcoin’s development.
2. Dan Held, Trust Machine Advisor:
Dan Held reflected on his experience with previous halving events and noted the growing mainstream awareness of Bitcoin. Held knew nothing in 2012, but he observed the evolution of Bitcoin’s perception until he witnessed the subsequent halving party and lockdown. Additionally, his friends and family also recognized the importance of the halving and praised BTC’s move into the mainstream.
3. Peter Schiff, noted economist:
Peter Schiff, known for his Bitcoin skepticism, sarcastically celebrated the halving of “Bitcoiners”. He questioned whether a celebration would be appropriate and whether there would be a party since he had not been invited anywhere. Furthermore, he noted that BTC holders will soon experience a “halving” of their net worth. Schiff’s comments reflect his continued criticism of Bitcoin as an investment and store of value.
Also read: Bitgert Coin price prediction after Bitcoin halving: What will happen?
4. Alessandro Ottaviani, Owner of Store of Bitcoin Podcast:
Alessandro Ottaviani celebrated the halving as a monumental event for Bitcoin. He emphasized the increasing scarcity of Bitcoin, calling it the world’s most difficult-to-obtain currency. Additionally, Ottaviani emphasized the importance of rare assets in preserving value and advancing civilization.
“This halving will increase #Bitcoin’s annual supply by 0.85% annually, making Bitcoin the world’s most difficult-to-obtain currency,” he wrote. He also highlighted how Bitcoin is now rarer than gold.
Ottaviani also shared a bold prediction for the future of Bitcoin. This includes a price tag of more than $1 million and increased adoption by educational institutions. He further emphasized that the bears will not dominate the market as a retracement of up to 30% in Bitcoin price is expected.
5. Caitlin Long, CEO and Founder of Custodia Bank:
Caitlin Long emphasized Bitcoin’s historical rarity and emphasized its importance in financial history. Additionally, she celebrated the halving event as a unique moment and emphasized Bitcoin’s rarity compared to traditional forms of money.
She writes: “Never in the history of humanity has there been such a rare commodity that people can use as money. Congratulations on the halving of #Bitcoin, hey!” He emphasized the growing awareness of the role.
Also read: Ordinals developer release guide for Runes to go live in time for Bitcoin halving
