The post Peter Schiff Voices The Upcomingn Bitcoin Halving as a Hype appeared first on Coinpedia Fintech News
Peter Schiff, a renowned gold investor and crypto critic, challenges the Bitcoin halving hype. Taking to X, Schiff argued that the upcoming halving process which occurs every 4 years and cuts the reward for mining Bitcoin transactions in half, is overhyped. He has pointed out that it merely reduces the growth rate of the new Bitcoin supply rather than the existing supply. Over ninety percent of Bitcoin’s total supply is already in circulation. Peter Schiff has consistently dismissed the positive impact anticipated from Bitcoin halving. However, some experts remain bullish on Bitcoin’s prospects post-halving, owing to the bullish market and spot ETFs.