Bitcoin Halving Begins: Cryptocurrency Twitter Reactions

The much-anticipated Bitcoin halving has arrived, and Bitcoin believers have cheered the event, with many declaring a new era for Bitcoin. Especially since a new Runes protocol has also appeared online.

Expectations about the halving have steadily grown since the beginning of the new year. In January, the fire caught fire after the SEC approved the first set of Bitcoin ETFs, and investors began speculating what a fourth halving would mean for the price of the number one cryptocurrency.

Sentiment toward Bitcoin heading into halving was high, with 47% positive, according to the analytics site. LunarCrush. that much The heartbeat of the cryptocurrency community is reliably tracked on Twitter. cryptocurrency exchange coinbase Set the stage for Bitcoin’s digital working class.

“The fourth Bitcoin halving is almost here.” the company tweeted. “And we say thank you to those who have been most impacted. So thank you for giving the money to the miners.”

When Bitcoin block 840,000 finally arrived, Crypto Twitter celebrated.

Michael Saylor, founder of the single largest institutional holder of BTC, declared “840,000 truth blocks.”

“This is the fourth halving!” Asymmetric General Partner and held said on Twitter. “2012: I didn’t know either. 2016: BitGo party with only 20 people; 2020: COVID-19 lockdown; 2024: Friends and family know about it, the mainstream media is talking about it, and parties are happening all over the world. “It’s really amazing how Bitcoin is going mainstream.”

This event attracted many cryptocurrency enthusiasts. together in personAnd it sparked optimism about the future.

“NEVER IN HUMAN HISTORY has something good for people to use because money has been this tight,” said Custodia Bank founder and CEO Caitlin Long. “Congratulations on the Bitcoin halving!”

“Be halved!!!” Swan Bitcoin CEO Cory Klippsten said: “No blocks yet. Welcome to Epoch 5!”

“We’re doing it too early,” said financial writer Zack Voell.

“Congratulations on the Bitcoin halving,” the Ord.io account posted. “The era of runes has begun!”

For some, the half-life was just a short break in an endless cycle of work.

Not everyone was in a happy mood. Bitcoin’s detractors also took a moment to pour cold water on the celebration.

“Congratulations on the Bitcoin halving,” tweeted Peter Schiff, a longtime Bitcoin detractor. “Are you celebrating this event by throwing a party tonight? I’m not invited anywhere. I think halving is an appropriate name for what will soon happen when #Bitcoin #HODLers experience half of their net worth.”

Now that the halving has arrived, speculators can now see if their predictions were correct. The general expectation about the halving was that the price of Bitcoin would eventually skyrocket. Founder of Skybridge Capital last February Anthony Scaramucci It was suggested that Bitcoin could exceed $200,000 if it halved.

However, it is a little early to verify bets. During the first hour after half-life, bitcoin price It remains essentially stable.

Edited by Ryan Ozawa.