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JP Morgan: Bitcoin price could fall to $42,000 after April halving

Morgan Stanley analysts predict that the price of Bitcoin will fall to $42,000 after the halving due to a reduction in miner rewards and an increase in production costs. The Bitcoin mining industry is expected to further consolidate, with larger miners surviving. The halving event will reduce Bitcoin miner rewards from the current 6.25 BTC per block to 3.125 BTC, which will negatively impact the profitability of miners and lead to an increase in Bitcoin production costs. The production cost of Bitcoin affects its price, and analysts predict that the price will be around $42,000 after the halving.

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