Bitcoin Miners Prepare for 2024 Halving With Cautious Optimism
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Analyst Jason A. Williams believes Bitcoin mining stocks could benefit from the upcoming halving in April 2024, unlike previous halvings.
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Williams says block fees are now comparable to block rewards, making things less difficult for miners.
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However, Statista data shows Bitcoin mining profitability has declined significantly over the years.
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Major mining companies like Marathon Digital are stockpiling hundreds of millions of dollars worth of new mining equipment ahead of the halving.
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Some crypto executives predict Bitcoin's price could rise 10x in 2024, with Michael Saylor stating "One day, we will all brag about buying five-figure Bitcoin."