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- Recently, The Ethereum co-founder Vitalik Buterin takes a move on Twitter, saying the theory of ”halving causes Bitcoin (BTC) price rise” is unfalsifiable.
- After a month of Bitcoin halving, there is a huge change found in the investor and trader behavior.
- Moreover, Buterin further explained that this event has so far built a significant price appreciation of BTC.
Recently, The Ethereum co-founder Vitalik Buterin takes a move on Twitter, saying the theory of ”halving causes Bitcoin (BTC) price rise” is unfalsifiable. However, the co-founder explained the theory in brief about the impact of halving over BTC price increase.
Changes in Investor Behavior Due to Halving
After a month of Bitcoin halving, there is a huge change found in the investor and trader behavior. The halving has notified as a beginning of a new reality for Bitcoin investors.
Moreover, Buterin further explained that this event has so far built a significant price appreciation of BTC. He pointed out that this variation of price increase of Bitcoin creates the theory of unfalsifiable.
The "halvings cause BTC price rises" theory is unfalsifiable:
Was the peak before the halving? Then it "rose in anticipation of the halving"
During? "Because of the halving"
After? "Because of…"The last $20k peak was near the halfway point between the 2016 and 2020 halvings. pic.twitter.com/dhVxhmECQS
— vitalik.eth (@VitalikButerin) June 14, 2020
Bitcoin outperforms its record prices
Regardless of this, speculators believe that 2020 signals a great year for Bitcoin in terms of price. The reports also claim that Bitcoin will outclass its record prices from 2017. The same tone followed by Buterin sharing a chart of Bitcoin price increase between its past halving (2016) and current halving (2020).
Moving further, when users questioned Buterin to explain his theory about unfalsifiability. The co-founder described that it’s a concept that must be understood deeply. He also told the idea of unfalsifiability that if there is no imaginable future that makes you accept that your theory is wrong, then your theory is worthless.
Unfalsifiability is a concept worth understanding deeply. It *sounds* like a good thing ("yay, my theory is invincible!") but it's not.
Basically, the idea is: if there's no conceivable future that would make you admit your theory is wrong, then your theory is worthless.
— vitalik.eth (@VitalikButerin) June 14, 2020
According to Buterin’s theory, there is no use if there is no vulnerability. If there are no convoluted phenomena that can disrupt the theory, it means that the theory does not really help to exclude any possible future state.
