Around March 2028 the Bitcoin having will kick in for the next halving step. Today the reward is about 3.125 BTC. After the next halving the reward should be about 1.5625 BTC. Today we are hovering around $70K per BTC. All thing being equal would a would the price have to rise significantly, for say for the sake of argument $140K, to makeup for the drop in reward? Maybe there will be drop in global hash rate when the halving happens? It seems to me if the price of BTC does not start climbing mining may be much less profitable and miners will get unplugged?
What are your thoughts?
Posted by lynchrw
2 Comments
My thoughts are that I need to wait until the bottom to sell.
Then, I will save up to buy back in a fraction of what I sold at the bottom, but at the very top of the next bull run
Miners are already getting unplugged because they’re unprofitable. It’s never not been happening. That’s what the difficulty adjustment is for.