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Bitcoin Miners May Need $100,000 Price for Profitability Post-Halving, Reports Suggest

Bitcoin miners may need a price above $100,000 for profitability rather than just a prediction, according to a recent report. While publicly-listed Bitcoin mining stocks have outperformed BTC in recent months, the upcoming halving could pose a challenge to their business models. The report highlights that miners may need a Bitcoin price of nearly $100,000 to justify their current valuations post-halving.

Matrixport predicts that Bitcoin could reach $125,000 by the end of 2024, marking the start of a new bull market, while Standard Chartered predicts a $120,000 Bitcoin price by the end of 2024. It is important to conduct personal research before making any investment decisions.

Bitcoin Bitcoin $91,745.58
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