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Former Coinbase CTO Calls Bitcoin a World Political Revolution, Why?

Previously, Bitcoin's value movement broke records again. It was recorded that earlier this week the value of Bitcoin assets reached the equivalent of IDR 1 billion. This condition spurs Bitcoin holders to become new billionaires.

Indodax CEO Oscar Darmawan said this condition indicates that halving day is getting closer. The current value is said to be the highest value since November 2021.

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“This Bitcoin price achievement is a historical moment for the crypto industry. “This price is the highest since November 2021. This price increase was accompanied by a surge in investor interest and triggered the birth of a new generation of “OKB” (New Rich People) in the crypto world because they suddenly became billionaires,” said Oscar in his statement, Monday (4/3/2024 ).

Oscar also said that this increase shows that crypto is increasingly being accepted as an investment asset that has the potential for large profits. He also predicts that the Bitcoin halving will occur in the near future.

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“According to the INDODAX application, the Bitcoin halving will occur in around 42 days. It is possible that this year the price increase could reach double or more than the previous halving. Currently, the price of Bitcoin has touched IDR 1 billion. “This figure even exceeded Bitcoin's ATH figure in November 2021, namely IDR 978 million,” said Oscar.

Oscar Darmawan also explained that INDODAX itself has experienced halving three times and this year is the fourth.

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“I believe that halving days are known for increasing prices. This is caused by a disruption in the supply of Bitcoin, which results in increased demand and makes the price rise. Moreover, currently there is a 'fear of missing out' phenomenon which is believed to strengthen Bitcoin prices. “Even though Bitcoin prices rise, during the halving there will be price adjustments,” said Oscar Darmawan.

Former Coinbase CTO Calls Bitcoin a World Political Revolution, Why?

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