The boss of America’s largest crypto mining firm, Marathon, said that spot Bitcoin ETF approvals had brought forward what would otherwise have been the post-halving rally.
Thiel explained that the halving event would reduce the supply of Bitcoin by about 450 a day, “which would have some small impact on prices probably.” “But as miners we are very excited to go into a halving, where for once prices have not declined prior to the halving rather prices have gone up so everybody is obviously maximizing to that.”
Bitcoin mining expert Jaran Mellerud predicted that the hash rate would not fall much after the halving.
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