JPMorgan Raises Bitcoin Mining Cost Estimate to $45,000 Amid Reduced Block Rewards, Expects Asset Price to Drop to $42,000 in the Medium Term
JPMorgan analysts have recently revised their forecast on the cost of mining Bitcoin following a halving event that reduced block rewards. In their updated report, they now estimate the cost to mine the cryptocurrency at $45,000. This adjustment is a response to ongoing changes in the mining sector and