Opinion: Bitcoin halving puts miners' stocks under pressure, and miners need to find a way to deal with it as soon as possible
2024-04-19 02:23:08
The much-watched Bitcoin "halving" is expected to take place tonight, and in theory, there are three types of stocks that could be affected by the Bitcoin halving - miners, companies that hold Bitcoin, and Bitcoin exchanges. After all, as the incentive to mine is halved, both the revenue and share price of Bitcoin miners will be threatened. Shares of Bitcoin miners such as Marathon Digital, Riot Platforms, Hut8, Cipher Mining, and TerraWulf have each lost about 20% of their value in eight days since Bitcoin began to fall on April 8, although they have rallied in recent days. Although some analysts believe that the rise in the price of bitcoin may offset the impact of the decrease in bitcoin rewards, miners must find a long-term way to close the gap before the next halving cycle.
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