The number one cryptocurrency Bitcoin (BTC)will host an important event in the coming days. Yes, as many of you might have guessed.halve” will happen. The latest statements from analysts show that Bitcoin’s halving should affect prices. Otherwise, Bitcoin mining could stop completely.

Let’s first explain what Bitcoin halving is. According to Bitcoin codes reward for miners, halving every 210,000 blocks. So income decreases. To prevent this, the BTC price must rise. For those wondering, let’s explain right away: April 2024 As of today, the cost of mining Bitcoin is $49,902.

The cost of mining Bitcoin will be $80,000 after the halving

Ki Young Ju, CEO of CryptoQuant, which provides market analysis on cryptocurrency markets, highlighted an important prize in his statement on this topic. According to Ki Young Ju, for Bitcoin mining to still be profitable after the halving, the BTC price must still be profitable at least 80 thousand dollars It will have to happen. BTC price as of the time this article was written 70 thousand 500 dollars Let’s say it’s trading at levels.

Let’s say this clearly. Halvings in previous years have affected the BTC price always had a positive impact. For example, for Bitcoin mining to be profitable during the May 2020 halving, it must be at least $30,000. BTC, with the gas it received at that time 69 thousand dollars rose to the level of. Let’s see if we will experience something similar this time or if there will be a halving that we have never seen before…

*This article is investment advice cannot be assessed in the context of Nothing is certain whether BTC will fall or rise.