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The Bitcoin Halving Finally Happened, These 2 Things Need to Become the Attention of Investors
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The Bitcoin Halving Finally Happened, These 2 Things Need to Become the Attention of Investors
Liputan6.com, Jakarta – The Bitcoin network on Friday evening went through a halving event for the fourth time in its history.
Halvings, which are held every four years, create a scarcity effect and allow the cryptocurrency to maintain its gold-like digital qualities.
Two well-known banks from the US and Germany, JPMorgan predicts that there will be a decline in Bitcoin after the halving and Deutsche Bank also estimates that the price will not increase significantly.
However, the impact of the halving may be greater in the next few months, even if Bitcoin continues its downward trend in profits from the halving to the peak of its cycle.
“While the upcoming Bitcoin halving will create a supply shock like previous ones, we believe its impact on cryptocurrency prices could be magnified by the concurrent demand shock created by the emergence of spot bitcoin ETFs,” said Mark Palmer of Benchmark, quoted from CNBC International, Saturday (20/4/2024).
The greater direct impact will be felt by the miners themselves, he added.
They are the ones who run the machines that record new blocks of bitcoin transactions and add them to the global ledger, also known as the blockchain.
“Miners with access to cheap, reliable power sources are well positioned to navigate post-halving market dynamics,” Maxim's Matthew Galinko said in a note. “
Some miners, most of which are not publicly traded companies, may exit the market due to poor access to electricity, efficient machinery and capital. “Miners with relatively expensive capital and electricity will likely find opportunities following the potential consolidation and disruption caused by the halving,” he explained.
There are 2 things you need to pay attention to after the Bitcoin halving, namely mining rewards and hashrate.
Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.
The Bitcoin Halving Finally Happened, These 2 Things Need to Become the Attention of Investors
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