Categories: MarketsMenafn

Peter Schiff Warns BTC Holders After Halving

While Bitcoin enthusiasts cheered the recent halving, vocal critic Peter Schiff wasn’t joining the party. This significant event, which cuts the mining reward for new blocks in half, is generally viewed as a positive indicator for the cryptocurrency’s future value. Nevertheless, Schiff provides a more cautious view, contrasting with the widespread enthusiasm.

Halving Might Not Deliver the Expected Gains, Peter Schiff

Peter Schiff, a long-time Bitcoin skeptic and gold advocate, casts doubt on the recent halving event that is expected to lead to a significant price increase for BTC. The halving, a pre-programmed feature of Bitcoin that cuts the block reward for miners in half, is often seen as a bullish signal for the cryptocurrency. 

Recently, Peter Schiff took to his X handle to discredit the Bitcoin halving and warn users about their involvement in Bitcoin. Schiff argued that the halving might not deliver the expected gains, potentially leading to a decrease in value for Bitcoin holders.

This warning comes as many in the Bitcoin community celebrate the halving’s completion, expecting a price upswing similar to what followed previous halving events. The eagerly awaited update to the Bitcoin software, known as “halving,” has been successfully implemented. 

At the time of writing, investors were taking profits following the halving event, causing Bitcoin to trade around $65,000.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

AgriFi Blockchain Farm: Where AI, IoT, and DeFi Grow the Future of Agriculture Finance

Where Farmland Meets Blockchain, and Data Drives Yield: A New Blueprint for Sustainable AgriTech and…

4 hours ago

Bitcoin Bulls Bet on Fed Rate Cuts to Ignite Next Rally

Bitcoin investors are watching the Federal Reserve closely as speculation grows that a rate cut…

14 hours ago

Al Marwan Developments Leads UAE Economic Diversification With District 11’s Cutting-Edge Commercial Smart City Infrastructure

Dubai, UAE, 14th September 2025, District 11, the visionary 3.5 billion AED smart work resort development by…

1 day ago

Sandford Blair Capital Poised to Capitalize on Oracle’s AI-Cloud Breakthrough

Oracle’s Fiscal Q1 2026: A Landmark Quarter Lier, Flanders, 12th September 2025, ZEX PR WIRE,…

3 days ago

Countdown to Forex Expo Dubai 2025 – Your Chance to Take Home the Jetour X70 FL

Just Weeks Away From the Middle East’s Leading Trading Event, Returning October 6–7 at Dubai…

3 days ago

Dogecoin Pops As First U.S. Memecoin ETF Eyes Friday Debut

Dogecoin (DOGE) extended weekly gains as traders positioned for the REX-Osprey Dogecoin ETF (ticker: DOJE),…

4 days ago