JPMorgan Predicts 20% Bitcoin Hash Rate Decline by April 2024

According to their report, JPMorgan believes that when the next Bitcoin halving happens in April 2024, about 20% of the network's hash rate, which is like its computing power, might decrease by up to 80 exahashes per second. This decrease is expected because older and less efficient mining equipment might be taken out

According to their report, JPMorgan believes that when the next Bitcoin Bitcoin halving countdown happens in April 2024, about 20% of the network's hash rate, which is like its computing power, might decrease by up to 80 exahashes per second. This decrease is expected because older and less efficient mining equipment might be taken out of use.