While Bitcoin halving is just hours away, the expectation of a rise after the halving continues. Some analysts think that the halving is already priced in, while others believe that the halving is not priced in and its impact on the price is underestimated.
At this point, Deutsche Bank analysts, in a research report published today, said that the Bitcoin halving was partially priced by the market and that a large increase in the BTC price after the halving was unlikely.
According to Coindesk, the report written by Deutsche Bank analysts Marion Laboure and Cassidy Ainsworth-Grace also made reference to the Bitcoin Cash (BCH) halving.
Although Deutsche Bank does not expect a major increase in the BTC price after the halving, it said that the positive performance of the price of Bitcoin Cash, a fork of BTC, after the recent halving is a good sign for the Bitcoin main network.
“Looking ahead post-halving, we expect prices to remain elevated due to expectations for future spot Ethereum (ETH) ETF approvals, possible future Fed rate cuts, and regulatory changes.”
The analyst also stated that he expects big changes in Bitcoin mining after the halving, “because after the halving, miners will receive lower block rewards, which means less profit. Less profit will also force miners to look for cheaper energy. As a result, Latin America, Asia, Africa and the Middle East has managed to attract the attention of crypto miners due to its lower energy costs.” said.
Deutsche Bank analysts recently stated that past halvings have increased the specific retail adoption of Bitcoin.
*This is not investment advice.
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