Major financier Scaramucci has published Bitcoin post that prompted reaction from crypto community
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His tweet triggered a heated discussion within his numerous followers. Many rushed to agree with Scaramucci, sharing how happy they are to hold BTC. One user, however, reminded the financier about his investment into the FTC exchange and asked whether it was “guts or brains” that had led him to do that., has recently talked to Forbes about the recent Bitcoin halving and the Omega candles he now expects to occur soon.
Mow clarified to Forbes how halvings work and how miners help to release new Bitcoin onto the market. Now that the world’s flagship cryptocurrency has started on its fifth epoch, BTC block rewards have been reduced by 50% - from 6.25 BTC to 3.125 BTC. These halvings happening every four years make Bitcoin more deflationary and prolong the issuance of BTC on the market.
Prior to the halving, ETFs began purchasing between 5x and 15x Bitcoin produced by miners per day , Mow pointed out that these purchases began to create the Bitcoin demand shock. He now expects so-called Omega candles to start emerging soon – they are major trading candles that would mean high volatility but also big shifts in the Bitcoin price, Mow explained.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
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