Bitcoin Miners Brace for Lower Profits and Increased Competition After April's Halving Event
• Halving event in April will reduce bitcoin miner profits due to lower rewards and higher production costs • JPMorgan estimates bitcoin price could fall to $42K post-halving as miner production costs fall • Miners with higher electricity costs and less efficient rigs will struggle to survive • JPMorgan expects a 20% decline in bitcoin's hashrate after the halving event • Larger publicly listed bitcoin miners like those in 2022 are better positioned to increase market share after halving