CoinDesk - JPMorgan predicts Bitcoin's price could drop to $42,000 after April's halving due to decreased miner profitability and potentially higher production costs
A research report by JPMorgan predicts the upcoming Bitcoin halving in April will decrease miner profitability due to lower rewards and higher costs, potentially leading to a drop in Bitcoin price to $42,000.
The bank believes higher-cost miners may struggle to survive, while larger, more efficient miners are expected to gain market share, similar to what happened after the 2022 halving event.
The report estimates the Bitcoin production cost could fall to $42,000 after the halving, driven by a potential decrease in network difficulty.
Beware of post-halving dump!!
Upvoted! Thank you for supporting witness @jswit.