JPMorgan Chase says Bitcoin price may fall to $42,000 after halving in April

JPMorgan analysts pointed out that the upcoming halving event of Bitcoin may lead to a significant price drop. The halving will reduce miner rewards, affecting their profitability and increasing the production cost of Bitcoin. Analysts predict that the price after halving will be around $42,000.

However, they warned that the network hash rate of Bitcoin may decrease by 20% after halving, which could further lower production costs to $42,000.

Analysts stated that after halving, there will be an increase in concentration within the mining industry, with publicly listed Bitcoin miners gaining a competitive advantage.