JAKARTA - In the midst of the fourth Bitcoin halving preparation, the leaders of the crypto mining industry showed their extraordinary resilience. Although halving is expected to significantly reduce their income, optimism is maintained among the CEOs of bitcoin mining companies. They believe that with investment in more efficient equipment and the existence of direct bitcoin (ETF) trading funds, the value of this digital currency will continue to increase.
Haling Bitcoin, which is scheduled to take place around April 20, is expected to reduce block prizes for miners by half. This is part of a mechanism designed to limit the amount of Bitcoin in circulation, with the aim of maintaining its value. While this harving could mean lower income for miners, many CEOs remain optimistic. They believe that with efficient operations and low production costs, they can overcome these challenges.
According to an analysis from a number of sources, including CoinDesk and Cointelegraph, this halving is considered to have resulted in revenue losses of up to $10 billion for miners. However, not all news about this halving is negative. Some reports suggest that the previous halving has had a long-term positive impact on the price of Bitcoin, despite its short-term volatility.
Jason Les, CEO of Riot Platforms, confirmed that his company is focused on long-term vision and is not disturbed by short-term market fluctuations. Riot is here for the long term. We believe that Bitcoin will continue to grow, and we have prepared ourselves to take advantage of the positive movements we predict will occur in the coming months," Les said.
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The Impact Of Bitcoin ETF On The Crypto Market
Bitcoin's ETF, especially spot-based ones, is expected to provide easier access for investors to the crypto market. With stricter regulations, these ETFs offer security and convenience for those who want to invest in Bitcoin without having to be directly involved in crypto transactions. The miners hope that this ETF will boost the price of Bitcoin, thereby increasing their profitability even if the block prizes are reduced.
Despite concerns about the impact of halving on miners' income, optimistic views still dominate among industry leaders. With more efficient equipment and the right strategy, they believe they can overcome the challenges that exist and continue to contribute to the growth of the Bitcoin ecosystem. Tyler Page, CEO of Cipher Mining, echoed this sentiment, We are not worried about short-term price fluctuations. We see the stable and gradual adoption of Bitcoin as a very positive sign for the future.
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