Bitcoin half-life countdown! Are related stocks soaring again?
This article uses automatic translation for some of its parts
It will be the fourth time in 2024Bitcoin's “half-life”I will greet you.Historically, the price of Bitcoin has often skyrocketed. In the previous half-life of 2020/5/11, Bitcoin was 8,750 dollars, and it showed a sharp rise of 430% or more from 11,500 dollars in October 5 months later to 61,300 dollars in 2021/3.
The “half-life” of Bitcoin is an event where rewards received by miners are systematically reduced (this term is mentioned in the Bitcoin code). It is performed at a frequency of about once every 4 years, or more accurately, every 210,000 block transaction. As the name suggests, the amount of bitcoins that miners receive for each block reward is halved. When Bitcoin was launched in 2009, miners received 50 bitcoins per block, but this reward was reduced to 25 in 2012, which is the initial half-life. It is scheduled to decrease to 12.5 in '16, 6.25 in '20, and 3.125 in '24. Since it is difficult to specify an exact date, analysts are struggling to predict when the half-life will come.
Related stocks
Since the beginning of the year, $Bitcoin(BTC.CC$ has shown an increase of over 55%. Meanwhile, most related stocks are not doing as well as Bitcoin, and there are many that have declined.
Since the beginning of the year, $Bitcoin(BTC.CC$ has shown an increase of over 55%. Meanwhile, most related stocks are not doing as well as Bitcoin, and there are many that have declined.
Since the beginning of the year, $MicroStrategy(MSTR.US$ has achieved an increase of over 133%.It is one of the largest Bitcoin holding companies in the worldThe company announced the issuance of convertible bonds worth 63.75 million dollars (about 91.08 billion yen) on March 18, and the issuance was completed on the same day. All funds raised were used to purchase additional bitcoins, and 9245 BTC were purchased. This is a convertible corporate bond with an annual interest rate of 0.875% with a maturity of 2031, which was previously announced by MicroStrategy. According to Michael Saylor, the former CEO of Microstrategy, the average Bitcoin purchase price this time is 67,382 dollars. The total number of bitcoins held by the company at the time of purchase is 214,246 BTC, accounting for 1.02% of the total Bitcoin supply.
Also, $CleanSpark(CLSK.US$ is over 90%, $KRAKEN ROBOTICS INC(KRKNF.US$ is over 68%, $Coinbase(COIN.US$ It has also shown an increase above Bitcoin by over 67%.
Meanwhile, the year-to-date decline was over 32% $Bit Digital(BTBT.US$ There are also brands like
Mitchell Askew, chief analyst at Blockware Solutions, says that most US listed mining companies can make profits because companies that buy efficient machines, especially during the bear market, can continue to operate at lower electricity rates.
According to Jalan Merrud, founder and chief mining strategist of HashLab Mining, the 3 to 4 months after Bitcoin's half-life scheduled for 4/20 may be an important period for mining companies listed in the US. He believes there is a possibility that some high-cost mining companies will move overseas to maintain profits.
However, Blockware Solutions analyst Mitchell Askew doesn't think so, and asserts that “it is unreasonable to think that the half-life will drive mining companies into a situation where they cannot make a profit,” and argues that “they keep energy costs as low as possible and acquire the latest generation hardware in preparation for declining block rewards.”
Source: CoinDesk Japan, CoinPost, Cointelegraph, Bloomberg, Moomoo
— MooMoo News Zeber
This article uses automatic translation for some of its parts
— MooMoo News Zeber
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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