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.
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2024-04-17 16:04