From Investing.com: 2024-04-18 13:34:02

With the Bitcoin halving nearing on April 20, investors analyze its potential impact. Bernstein analysts address key questions: The halving halves block rewards to control supply, upcoming halving reducing rewards from 6.25 to 3.125 Bitcoins. Past halving cycles spurred price surges, linked to demand catalysts like institutional adoption. Post-halving, a 7% network hash rate reduction is expected, but strong prices and additional revenue sources may offset disruptions. Top miners foresee market consolidation post-halving, doubling capacity by 2024. Despite mining stocks’ underperformance, Bernstein remains optimistic, advising investors to consider RIOT and CLSK.

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