Bloomberg: This Bitcoin halving may have an impact of about tens of billions of dollars on cryptocurrency miners
Bloomberg stated that the next Bitcoin "halving" is expected to occur around April 20th. This will result in a 50% reduction in the amount of Bitcoin that miners can earn through verifying transactions each day. The upcoming Bitcoin halving could cause a loss of billions of dollars for cryptocurrency miners. In addition, competition for discounted electricity among artificial intelligence companies is becoming increasingly fierce, which will also lead to a decrease in revenue for Bitcoin mining companies after costs soar.
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.
You may also like
VeChain Eyes Major Reversal as Analysts Predict Surge to $2
Spot Ethereum ETFs Join The Spot Bitcoin ETFs Inflow Train With $200 Million Infusion
Billionaire Bitcoiner slams UK tax system, leaves for Swiss Bitcoin city: Report
Bitget Spot Bot adds MOODENG/USDT
We are pleased to announce that Bitget spot bot has now added: MOODENG/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your ow