Key Points
The miners who chisel bitcoins out of complex mathematics are taking a 50% pay cut effectively reducing new production of the world's largest cryptocurrency, again...
Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907...
So long as demand remains the same or climbs faster than supply, bitcoin prices should rise as halving limits output. Because of this, some argue that bitcoin can counteract inflation still, experts stress that future gains are never guaranteed...
Bitwise senior crypto research analyst Ryan Rasmussen said persistent or growing ETF demand, when paired with the supply shock resulting from the coming halving, could help propel bitcoin's price further...
Other experts stress caution, pointing to the possibility the gains have already been realized.. In a Wednesday research note, JPMorgan analysts maintained that they don't expect to see post-halving price increases because the event has already been already priced in noting that the market is still in overbought conditions per their analysis of bitcoin futures...
