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.

Bitcoin $66,389.39

-0.82%

Bitcoin halving

Comments

All Comments

Recommended for you

Ryan Sean Adams ·

Will this cycle skip Ethereum?

Ryan Sean Adams is going to take the perspective of long-term Ethereum bulls, not the obviously wrong dyed in the wool Ethereum is dead haters.
Cointime精选 ·

Genesis Global secures court approval for $3B payout

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.
Jesse Hamilton ·

Crypto Industry Rallies Behind House Bill as It Heads Toward Final Vote

The so-called FIT21 legislation to establish a U.S. regulatory regime for digital assets is set for a floor vote next week, and the sector is telling House leaders the effort is "crucial."
cointelegraph ·

If SEC approves spot Ether ETFs, many ‘will be caught severely offside’

Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”
cointelegraph ·

LayerZero identifies over 800K addresses in sybil self-reporting phase
Cointime's Evening Highlights for May 24th

1. CryptoPunks Launches “Super Punk World” Digital Avatar Series
Pudgy Penguins and Lotte strategically cooperate to expand into the Korean market, and the floor price rose by 3.1% on the 7th

The NFT series "Pudgy Penguins" has recently announced a strategic partnership with South Korean retail and entertainment giant Lotte Group on the X platform to expand its market in South Korea and surrounding areas. More information will be announced in the future. According to CoinGecko data, the floor price of Pudgy Penguins is currently 11.8 ETH, with a 7-day increase of 3.1%.
CryptoPunks Launches “Super Punk World” Digital Avatar Series

Blue-chip NFT project CryptoPunks announced the launch of "Super Punk World" on X platform, which is the project's first release of 500 digital avatars inspired by the iconic CryptoPunks features and combined with Super Cool World attributes. It is reported that the series may launch auctions in the future, and more details about the collection and auction of this series will be announced soon.
Drift Foundation: The governance mechanism is gradually being improved, and DRIFT is one of the components

The Drift Foundation stated on the X platform that the DRIFT token is a component of governance and a key element in empowering the community to shape the future. The governance mechanism is gradually improving, and more information will be announced soon.
U.S. senators propose spending $32 billion to develop AI and build safeguards around it

A bipartisan group of four senators led by Chuck Schumer, the leader of the majority party in the United States, has proposed that Congress spend at least $32 billion over the next three years to develop artificial intelligence (AI) and establish safeguards around it.