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Analysts at JPMorgan and Goldman Sachs dampen expectations for upcoming Bitcoin halving

Analysts at JPMorgan and Goldman Sachs dampen expectations for upcoming Bitcoin halving

CointimeCointime2024/04/19 00:22
By:Cointime

The upcoming Bitcoin halving may not have as significant of an impact on the price as previous halvings due to new protocols and a strong mining sector. There is debate over whether the event is already "priced in" or if it will create a supply shock that drives prices up. This year's halving is different from previous ones due to the institutionalization of Bitcoin, but analysts at JPMorgan and Goldman Sachs have dampened expectations for the halving's impact on attracting new buyers. Bitcoin miners may face harsh competition to find the next block, and will need to be efficient, cash flow generating, and have proper treasury management in place to survive and thrive after the halving. The introduction of Runes could increase demand for block space and strengthen the mining economy, but may also face network congestion and high user fees.

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