"Bitcoin Halving: Impending Drop or Soaring Future?"
TL;DR Summary
JPMorgan predicts that Bitcoin's price will decrease after the upcoming reward halving due to overbought market conditions and high production costs. The bank expects the event to impact mining companies, leading to a significant drop in hashrate and potential consolidation among miners. Additionally, JPMorgan notes subdued venture-capital funding despite the recent crypto market resurgence.
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