Fidelity Digital Assets Report: Bitcoin holders have always welcomed the halving of Bitcoin, but miners should plan for this event to avoid bankruptcy
Fidelity Digital Assets stated in a report that BTC holders have always welcomed the halving of rewards every four years, as they expect it to drive up prices. However, miners must continuously plan for this event, which will result in them earning 50% less Bitcoin to avoid bankruptcy. Analyst Daniel Gray noted that miners not only need to maintain their existing computing power, energy resources, and real estate but also constantly compete with the entire network trying to achieve the same goal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"1011 Insider Whale" closed a 5x short position of 5,000 ETH, earning approximately $55,000 in profit.
ETH ICO address transfers nearly $120 million worth of ETH to a new wallet after 10 years