The potential positive effect of the halving could already materialize in the price of Bitcoin. About this in an interview Bloomberg said Marathon Digital CEO Fred Thiel.
According to him, the current growth, driven by the approval of spot Bitcoin ETFs, could manifest itself in the market three to six months after the halving:
According to Thiel, the halving itself will have a minor impact on the formation of the asset price. Subsequent changes, including a reduction in supply against the backdrop of growing demand, will have a greater effect, he added.
According to his forecasts, after the halving the company’s break-even point will be $46,000 per 1 BTC. Let us remind you that according to the CoinShares forecast, the average cost of mining one coin will be $37,856.
This event is expected to take place on the Bitcoin network later in April 2024.
Earlier, Coinbase experts expressed a similar opinion regarding the impact of halving on Bitcoin pricing.
Source: Cryptocurrency
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