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Bitcoin halving is a few days away. Here's what key crypto community members are saying

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Bitcoin's (BTC) halving is fueling increased attention around the largest digital asset on Tuesday as many crypto community members continue to share their insights on its effect in the market.

Arthur Hayes predicts Bitcoin's price to decline following the halving. Bitcoin's fight to take reserve status intensifies as halving will drop its inflationary rate below that of Gold. Hashlab Mining CEO Jaran Mellerud predicts that despite the reduction in supply rate, the halving will have little effect on Bitcoin's price.

8% after the halving would appear too weak to trigger a price rally compared to previous halvings where annualized issuance reduced from 25% to 12.5% and 8.4% to 4.2% in the first and second halvings, respectively. However, he maintained that the halving would result in a bull market driven by increased media attention and investor enthusiasm it generates..

 

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