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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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- 🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
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Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
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Tim Draper: Macroeconomic factors will weaken the impact of Bitcoin Halving cycles.
[Tim Draper: Macroeconomic factors will weaken the impact of Bitcoin Halving cycle] Macroeconomic factors, including the depreciation of the US dollar (USD), will weaken the impact of the Bitcoin Halving cycle. Since 2009, the cyclical Fluctuation of the Bitcoin market's boom and bust has originated from this Halving cycle. Tim Draper, founder and partner of the venture capital (VC) firm Draper Associates, pointed out in an interview. "In the next 10 to 20 years, the USD will disappear," Draper said in an interview. "The world is changing, and we are witnessing this process. We are in the midst of a significant leap in human civilization," he added. Tim Draper pointed out that investors are increasingly viewing Bitcoin as a "safety valve" to address poor governance, distrust in banking institutions, fiat currency inflation, and geopolitical tensions. These factors are driving the global adoption of Bitcoin, a digital currency with a limited supply. The venture capital firm added: "If Bitcoin continues to fight against USD in the current manner, the impact of the Halving event may weaken, as this trend could last for a longer period. It will still be affected by the four-year cycle to some extent, but I believe the impact will weaken."