{"id":12694,"date":"2024-04-18T13:46:50","date_gmt":"2024-04-18T10:46:50","guid":{"rendered":"https:\/\/forklog.com\/en\/jpmorgan-analysts-predict-bitcoin-decline-post-halving\/"},"modified":"2024-04-18T13:46:50","modified_gmt":"2024-04-18T10:46:50","slug":"jpmorgan-analysts-predict-bitcoin-decline-post-halving","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-analysts-predict-bitcoin-decline-post-halving\/","title":{"rendered":"JPMorgan Analysts Predict Bitcoin Decline Post-Halving"},"content":{"rendered":"<p>With the market still in an overbought state, there is a possibility of a correction in the price of the leading cryptocurrency following the reduction in miners&#8217; rewards. This is reported by <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/04\/18\/bitcoin-likely-to-drop-after-the-halving-jpmorgan-says\/\">CoinDesk<\/a>, citing a JPMorgan report.\u00a0<\/p>\n<p>Analysts reached this conclusion based on an analysis of open interest in bitcoin futures.\u00a0<\/p>\n<p>Furthermore, the asset&#8217;s price around $61,500 still exceeds the <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-questions-bitcoins-ability-to-replace-gold-in-investor-portfolios\">bank-adjusted gold price<\/a> with a volatility adjustment at $45,000.\u00a0<\/p>\n<p>JPMorgan also noted that venture funding in the industry remains low despite the recent resurgence of the cryptocurrency market.<\/p>\n<p>According to experts, mining companies will feel the most significant impact from the halving factor.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;As unprofitable miners of the leading cryptocurrency exit the blockchain, we expect a significant drop in hash rate and consolidation among public bitcoin miners with the largest share,&#8221; the report states.\u00a0<\/p>\n<\/blockquote>\n<p>Analysts believe that after the reward halving, digital gold mining firms will attempt to diversify their regional presence.\u00a0<\/p>\n<p>Companies will prefer countries in Latin America or Africa with low electricity costs, where they will deploy outdated equipment to maximize profits, researchers suggest.\u00a0<\/p>\n<p>Earlier, 10x Research warned of a potential $5 billion bitcoin sell-off by miners following the reward reduction.\u00a0<\/p>\n<p>In April, Marathon CEO Fred Thiel stated that the upcoming halving is already priced into bitcoin. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the market still in an overbought state, there is a possibility of a correction in the price of the leading cryptocurrency following the reduction in miners&#8217; rewards. This is reported by CoinDesk, citing a JPMorgan report.\u00a0 Analysts reached this conclusion based on an analysis of open interest in bitcoin futures.\u00a0 Furthermore, the asset&#8217;s price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146,160,229],"class_list":["post-12694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-halving","tag-jpmorgan"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12694"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12693"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}