Chinese-based mining device manufacturer Canaan claimed that the Bitcoin halving, which will take place next year, could push the price above 100 thousand dollars.
Canaan Vice President Davis Hui on September 12 to Cointelegraph In a statement he gave, In April 2024 The upcoming Bitcoin halving will be significantly will reduce supply and as a result the price 100 thousand dollar band He stated that he would overcome it.
Hui this thesis BlackRock Spotlight of market giants such as Bitcoin exchange-traded fund (ETF) supported with his applications. The funds in question will most likely be approved implying that the supply is decreasing so much that these companies are trying to buy Bitcoin. will spend millions of dollars and this way your money to Bitcoin He said it would flow. Hui also under these conditions a serious rise He argued that it was inevitable.
Vice President, ascending Bitcoin difficulty level and the next halving is for Bitcoin miners a tough and competitive market He stated that he created it. Hui stated that mining companies, especially in the USA, may experience difficulties due to high electricity and tax costs.
The upcoming Bitcoin halving according to data provided by Nicehash April 9, 2024It will take place in and block rewards From 6.25 BTC to 3.125 BTC will fall.