Bitcoin Halving Predicted to Favor Publicly Listed Miners, JPMorgan Reports
JPMorgan analysts forecast a post-halving drop in Bitcoin's price to $42,000, potentially benefiting larger, publicly traded mining companies.
- JPMorgan anticipates a 20% decrease in Bitcoin's hashrate post-halving, leading to a potential price drop to $42,000.
- The halving event is expected to increase the concentration of mining operations among publicly traded companies.
- Publicly listed miners, with advantages like lower electricity costs and access to equity markets, are likely to outperform.
- The upcoming halving, marking the fourth of its kind, could see a consolidation in the mining sector.
- Bitcoin's current price hovers around $60,000, with expectations of a post-halving adjustment.