Approaching the upcoming Bitcoin halving, there’s growing concern about the financial impact on miners. Historically, after a halving event, miners face a substantial reduction in income due to the decrease in block rewards. This trend is evident in data from IntoTheBlock, an analytics firm that specializes in on-chain analysis.
Despite this decline, Bitcoin’s value tends to rebound strongly after each halving event. For example, following the 2016 halving in July, Bitcoin’s price nearly tripled over the following year.
After undergoing its previous halving in May 2020, Bitcoin experienced a remarkable surge in value, rising approximately five-fold based on CoinMarketCap’s figures, within the following year.
Read More
- Silver Rate Forecast
- Black Myth: Wukong minimum & recommended system requirements for PC
- Gold Rate Forecast
- USD CNY PREDICTION
- Former SNL Star Reveals Surprising Comeback After 24 Years
- Grimguard Tactics tier list – Ranking the main classes
- Arknights celebrates fifth anniversary in style with new limited-time event
- Gods & Demons codes (January 2025)
- PUBG Mobile heads back to Riyadh for EWC 2025
- Maiden Academy tier list
2024-04-17 16:04