JPMorgan analysts predict that the bitcoin price will drop to $42,000 after halving, citing reduced miner rewards and higher production costs.
The Bitcoin mining industry is expected to further consolidate, with larger miners surviving, according to the analysts.
From an investor's standpoint, you have to love the bearishness that the legacy financial scammers are pumping into the news as we approach the legendary Bitcoin halving.
You need to start worrying when every single news article is absolutely positive.
Is a dip like this possible for Bitcoin? Absolutely it is possible. And if you bought with me at the market bottom last year when I pointed out all the facts saying it was time to buy, a dip like this would be nothing.
As I said a few times at the market bottom and I will repeat now, it is far more risky to have no Bitcoin than it is to have SOME Bitcoin. It is very likely we are going to make a new All Time High price in the next few months.
However, given this news, it is a great opportunity to dive a little deeper on what exactly the Bitcoin halving means and what it entails.
