TechFlow news, JPMorgan analysts指出 that the upcoming Bitcoin halving event could lead to a significant price decline. The halving will cut miner rewards in half, affecting their profitability and increasing Bitcoin's production cost. Analysts predict a post-halving price of around $42,000.
However, they warned that Bitcoin network hashrate might drop by 20% after the halving, which could further reduce production costs to $42,000.
Analysts stated that after the halving, concentration in the mining industry will increase, and publicly listed Bitcoin miners will have stronger competitive advantages.
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