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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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This Year's Update Will Be Different For Bitcoin! - Coin Newsletter
According to research conducted by Grayscale Investments, this year's halving update may have a positive impact on the price of Bitcoin.
According to the research conducted by Grayscale, *"Although there may be problems with miners' income in the short term, the fundamental activity in the blockchain and the positive developments related to the structure of the market make this halving fundamentally different." * it was said.
After the halving, which is expected to take place in April 2024, block rewards will decrease from 6.25 Bitcoin to 3.125 Bitcoin. According to the Grayscale report, mining companies sold their reserves and used debt instruments to prepare for the halving.
According to the report, the increasingly popular spot Bitcoin ETFs could deflate miner-driven selling pressure. The Grayscale team stated that this could have a positive impact on the price of Bitcoin.