- Who will be the big winners for Bitcoin during the halving?
- Bitcoin miners hit the jackpot with halved blocks.
- What will the price of Bitcoin be at the halving in 2028?
Who is the winner of Bitcoin's unrealized gains?
Ki Young Ju, founder of crypto analysis platform CryptoQuant, said: Posted Data on Bitcoin unrealized gains X held by different types of investors shows that old whales are emerging as big winners.
Long-term Bitcoin investors, known as old whales, have seen a 223% increase in unrealized gains, showing that their holding strategy combined with rising Bitcoin prices is working. Bitcoinist Who first published the data?
Bitcoin mining companies are also seeing strong unrealized gains.
Small miners increased by 131%.
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Large miners, many of them publicly traded companies, enjoyed an 81% increase.
The rise in Bitcoin prices since the end of last year has provided a boost towards the halving, which occurred early Saturday morning at 12:09 a.m. (UTC), and has remained steady above $63,000 to date. . Still, the mining industry is expected to become even more competitive as Bitcoin rewards for successful block transactions are reduced by 50%.
Depending on the business model, a halving could significantly reduce a Bitcoin mining company's revenue. DL News reported. If mining operations are not efficient enough, they may even become unprofitable.
As a result, analysts at crypto exchange Coinbase and research firm Bernstein predicted that the mining industry would enter a post-halving consolidation phase, with major players scooping up struggling rivals.
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Bitcoin miners hit big with halved blocks
After the fourth halving, the reward for successful Bitcoin miners was halved to 3.125 Bitcoins per block, and additional fees associated with transactions were also reduced.
The 840,000th halved block itself was mined by ViaBTC and earned over 40 Bitcoins, or approximately $2.6 million in block rewards and additional fees. investmentpedia The report cited data from mempool.space.
According to the report, users appear to be willing to pay an additional fee to have the 3,050 transactions included in the halved block recorded.
What will the price of Bitcoin be at the halving in 2028?
After a halving, miners may receive smaller block transaction rewards for their efforts, but the price often increases after a halving as fewer Bitcoins are produced.
Suggested by Swyftx Lead Analyst Pav Hundal cointelegraph A price increase of at least 100% is predicted by the halving in 2028, which would take Bitcoin to around $120,000.
“From the trough-to-peak price increase of over 60,000% in 2013, to 12,000% in 2017 and 2,000% in 2021,” he said.
Henrik Andersson, chief investment officer at Australian crypto investment firm Apollo Crypto, predicts a peak price of $200,000 by 2028.
Anderson said Bitcoin will be supported by widespread institutional acceptance of the recently approved Spot Bitcoin ETF in the US.
BTC Markets CEO Caroline Bowler said she is keeping an eye on investment banking firms such as Standard Chartered, which says Bitcoin could reach $200,000 by the end of 2025. .
“In the short period we have seen engagement with ETFs, there has been continued support for the theory,” she said.
Virtual currency market movements
- Bitcoin fell 0.38% today to $63,617.10.
- Ethereum fell 0.40% today to $3,045.68.
