Bitcoin (BTC) Prices to Increase After Halving on Stronger Fundamentals

Bitcoin fees generated from Ordinals. (Grayscale)

“Historically, block rewards have introduced potential sell pressure to the market, with the possibility that all newly mined bitcoin could be sold, impacting prices,” Zhao wrote. “Currently, 6.25 bitcoin mined per block equates to approximately $14 billion annually (assuming bitcoin price is $43K).”

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