JP Morgan’s recent report highlights potential challenges for Bitcoin post the April 2024 halving event.
The report indicates that miners face income challenges due to decreasing transaction fees. 
In a recent report, JP Morgan, the renowned financial giant, has drawn attention to the potential hurdles that Bitcoin (BTC) may face following its halving event in April 2024. The report examines the crucial interplay between Bitcoin’s price, transaction fees, miner income, and hashrate, shedding light on the complex dynamics within the world’s leading cryptocurrency.
JP Morgan’s report underscores that Bitcoin’s halving events occur approximately every four years and play a pivotal role in the cryptocurrency’s ecosystem. The key takeaway is clear: both the price of Bitcoin and transaction fees must rise significantly to offset the halved block reward that inevitably follows each halving event.
Miners Facing Income Challenges
A central concern highlighted in the report is the r

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