Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Bloomberg: This Bitcoin halving may have an impact of about tens of billions of dollars on cryptocurrency miners

Bloomberg: This Bitcoin halving may have an impact of about tens of billions of dollars on cryptocurrency miners

CointimeCointime2024/04/16 00:43
By:Cointime

Bloomberg stated that the next Bitcoin "halving" is expected to occur around April 20th. This will result in a 50% reduction in the amount of Bitcoin that miners can earn through verifying transactions each day. The upcoming Bitcoin halving could cause a loss of billions of dollars for cryptocurrency miners. In addition, competition for discounted electricity among artificial intelligence companies is becoming increasingly fierce, which will also lead to a decrease in revenue for Bitcoin mining companies after costs soar.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x DEBIT (Episode 2): Trade to share 45,000 USDT

Bitget Announcement2026/09/11 12:00

CandyBomb x CNPY: Trade to share 75,000 USDC

Bitget Announcement2026/09/08 13:00

New spot margin trading pair — CP/USDT, SOPH/USDT!

Bitget Announcement2026/09/08 11:00