The CEO of on-chain analytics firm CryptoQuant has explained why the supply shock due to the Bitcoin halving could be significant this time.
The Reason Why Bitcoin Halving Could End Up Being Significant
In a new post on X, CryptoQuant CEO and founder Ki Young Ju has talked about how the US-based Bitcoin miners are behaving so far in the leadup to the upcoming halving.
The “halving” here refers to a periodic event for Bitcoin in which the cryptocurrency’s block rewards are permanently slashed in half. This event occurs every four years; the next one is estimated to happen this April.
The block rewards are the BTC rewards miners receive as compensation for adding blocks to the network. Since these rewards usually make up for most of the miners’ revenue (as the transaction fees have historically remained low for the coin), the halvings profoundly impact mining economics.
It would appear that despite the halving coming up soon, the US public mining companies have decided to HODL t
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