Bankless ROLLUP: BTC Halving is Here! | Worldcoin's New Chain | China ETF Approvals | Solana Chain Upgrades
Apr 19, 2024
The hosts dive into the implications of the Bitcoin halving event, discussing its potential effects on prices and mining rewards. They also highlight the approval of Bitcoin and Ethereum ETFs in Hong Kong, a significant win for crypto in Asia. Innovations like WorldChain, using biometric verification for user authenticity, take center stage alongside updates on Solana's ambitions to improve efficiency. The conversation touches on market volatility, evolving Layer 2 solutions, and exciting enhancements coming to Ethereum, including account abstraction with EIP-3074.
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Bitcoin Halving Price Effects
- Bitcoin halving historically leads to price increases a year later.
- However, the month immediately following the halving typically shows insignificant price movement.
Bitcoin Runes Launch
- Casey Rodarmor, creator of Bitcoin Ordinals, is launching Bitcoin Runes alongside the halving.
- Runes enable fungible tokens within the Bitcoin blockchain, generating excitement in the Bitcoin community.
Long-Term Bitcoin Halving Strategy
- Don't make short-term Bitcoin trades based on the halving.
- Consider the halving's impact on a longer timeframe due to the historical price patterns.