JP Morgan: Bitcoin price could fall to $42,000 after April halving
Morgan Stanley analysts predict that the price of Bitcoin will fall to $42,000 after the halving due to a reduction in miner rewards and an increase in production costs. The Bitcoin mining industry is expected to further consolidate, with larger miners surviving. The halving event will reduce Bitcoin miner rewards from the current 6.25 BTC per block to 3.125 BTC, which will negatively impact the profitability of miners and lead to an increase in Bitcoin production costs. The production cost of Bitcoin affects its price, and analysts predict that the price will be around $42,000 after the halving.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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