Crypto Experts: “This Bitcoin Halving Will Be Different From Others”
Just four days before the Bitcoin halving, CV Lab, an incubator for blockchain companies and offering a collaboration space, held a live panel on May 7. Eight experts from the Crypto Valley in Switzerland invited to the panel
Crypto Valley experts have agreed that this halving will differ from the previous two, regardless of which direction the price of Bitcoin ( BTC ) is going.
Focus shifts to Bitcoin value
Experts decided that the macroeconomic environment has changed. More and more people are considering getting Bitcoin as a protection against the current troubled money system.
According to Arnaud Salomon, CEO of Mt Pelerin, power also began to shift from miners to society and traders:
“THE POWER HAS MOVED AWAY FROM THE MINERS. THEY ARE NOT IN THE SAME POSITION AS THEY WERE TEN YEARS OR EVEN FIVE YEARS AGO. THE STOCK IS ALREADY HUGE, AND BECAUSE THERE IS A LOT OF BITCOIN IN CIRCULATION TODAY, PEOPLE ARE READY TO TRADE AND TRADE. ”
Event moderator Alexandre Juncker and author of the “Blockchain Quarterly” emphasized that Halving emphasized Bitcoin’s mission to oppose arbitrary monetary policies run by central banks:
“WE SEE A WIDE ECONOMIC CRISIS TRIGGERED BY AN OUTBREAK THREATEN THE ECONOMIES OF ALREADY OVER-INDEBTED STATES. IN THE TURMOIL THAT MAY OCCUR IN THE FUTURE; MONEY SUPPLY IS LIKELY TO BE ADOPTED AT A HIGH RATE IN MANY COUNTRIES THAT ARE CODE-WRITTEN, UNSTOPPABLE, PURE BITCOIN ESCAPING FROM HYPERINFLATION. ”
According to Seba bank’s research manager, Yves Longchamp, Bitcoin is adding a new discipline rather than competing with the current financial system. He emphasized that BTC offers people an alternative to storing value in a way that is not related to other financial assets.
“Forget about price estimates”
Finally, Professor Fabian Schar from Basel University closed the panel with his view of halving:
“FORGET THE PRICE PREDICTION. IT’S THE SAME AS THROWING A COIN. THERE REALLY IS NO WAY TO TELL WHICH DIRECTION THE PRICE IS GOING. ALSO, THE PRICE IS THE LEAST INTERESTING THING ABOUT HALVING. THERE ARE MANY INTERESTING PARAMETERS BEHIND THIS; A LOT IS GOING ON, SO THERE ARE A LOT OF THINGS WE NEED TO OBSERVE. ”