Bitcoin While the halving is now hours away, the expectation of a rise after the halving continues. Some analysts think that the halving is already priced in, while others believe that the halving is not priced in and its impact on the price is underestimated.
at this point Deutsche Bank analysts also said in a research report published today that the Bitcoin halving is partially priced by the market and that a large increase in the BTC price after the halving is unlikely.
According to Coindesk, in the report written by Deutsche Bank analysts Marion Laboure and Cassidy Ainsworth-Grace Bitcoin Cash (BCH) Reference was also made to the halving.
Deutsche Bank after the halving BTC Although he did not expect a big increase in its price, he said that the positive performance of the price after the recent halving in Bitcoin Cash, a fork of BTC, is a good sign for the Bitcoin main network.
“Looking ahead post-halving, we expect prices to remain elevated due to expectations for future spot Ethereum (ETH) ETF approvals, possible future Fed rate cuts, and regulatory changes. “
The analyst also stated that he expects major changes in Bitcoin mining after the halving. ” because after the halving, miners will receive lower block rewards, which means less profit. Less profit will also force miners to seek cheaper energy. As a result, Latin America, Asia, Africa and the Middle East have managed to attract the attention of crypto miners due to lower energy costs.” said.
Deutsche Bank analysts recently stated that past halvings have increased the specific retail adoption of Bitcoin.
*This is not investment advice.
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