Coinbase: Bitcoin L2 Ecosystem Outlook after BTC Halving
After the halving, miners’ income continued to rise and the Bitcoin L2 ecosystem heated up.
JinseFinanceAfter the halving, miners’ income continued to rise and the Bitcoin L2 ecosystem heated up.
JinseFinancePerhaps what is different from all previous halving cycles is the change in the income structure of miners, which is caused by factors such as the future price space of BTC and the current development status of the Bitcoin ecosystem.
JinseFinanceSince the birth of Bitcoin, its unique economic model and fixed supply mechanism have always been the focus of market attention.
JinseFinanceWhile historical patterns show BTC price increases and expanded adoption in the months following halving events, it is important to note that the upcoming halving in April 2024 has already proven to be unprecedented in several important ways.
JinseFinanceContinued increase in demand for Bitcoin could offset selling pressure, as well as reduced issuance, driving price action
JinseFinanceThe study, which surveyed more than 2,000 Australian cryptocurrency investors, revealed that more than 80% of respondents believe the upcoming halving will be positive for the industry, while more than half expect the price of Bitcoin (BTC) to rise as a result.
JinseFinanceObservers say that during the “bizarre” bull run, liquidity seemed to skip a few steps, going directly from Bitcoin to Memecoin.
JinseFinanceApproximately 6,000 old Bitcoin mining rigs in the United States will soon be unused and sent to a warehouse in Colorado Springs, where they will be refurbished and resold to people looking to profit from mining in a low-cost environment of overseas buyers.
JinseFinanceThe last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in 2024.
CoindeskThe Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving.
Cointelegraph