Paolo Ardoino Says It’s Difficult to Assess Halving Effect on Bitcoin Price

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In early January, Robert Kiyosaki urged for close monitoring of the cryptocurrency market’s preparation for the halving of Bitcoin. He predicted that the decrease in miners’ rewards would have a significant impact on the value of the digital currency.

Tether CEO Paolo Ardoino also acknowledged the influence of halving on BTC rates, but stated that it was not the right time to make predictions about the cryptocurrency’s future prospects.

He highlighted that the main reason for Bitcoin’s surge in February-March was the upcoming halving, and that the launch of ETFs investing in BTC on the American market had further boosted its gains.

Ardoino noted that the halving is likely to cause new fluctuations in the market. However, it is currently too difficult to assess the consequences of this event.