F2pool, the miner responsible for the extraction of block 629,999, printed a New York Times headline into the Bitcoin (BTC) blockchain before the halving on May 11.
It has been reported that just before Bitcoin experienced its third halving, which cut the block reward from 12.5 BTC to 6.25 BTC, the miner who extracted the cryptocurrency’s final block had a special message for all HODLers.
However, by reading “NYTimes 09/Apr/2020 With $2.3T Injection, Fed‘s Plan Far Exceeds 2008 Rescue”, the Coinbase transaction message pays homage to an article in the famous newspaper by Jeanna Smialek and Peter Eavis, which points to the current financial crisis compared to the situation in 2008.
As per the report, before Satoshi Nakamoto created Bitcoin during the 2008 financial crisis, government bailouts were not exactly part of Americans’ lexicon.
Nearly 12 years later, and the United States is facing arguably the worst bipartisanship under Trump, the COVID-19 pandemic has already killed almost 300,000 worldwide, and a financial crisis increased by both.
The measures proposed by the Fed, a $2.3 trillion bailout, could affect the global crypto market in ways no HODLer can perhaps imagine now.
Thus, all the members of the crypto community can look back at F2pool’s homage and warning when the fourth halving occurs in 2024.