The Next Bitcoin Halving Expected to Cut Miner Revenue by 50%, According to Glassnode

Glassnode's calculations indicate that the value issued to Bitcoin miners through newly minted supply has reached the $1 billion per month mark. However, projections suggest that after the 2024 halving, this value would be reduced to approximately $500 million per month. This level was last observed in late 2022, a period when miners generated nearly $450 million per month, notably during the FTX crash. The upcoming halving is expected to have a significant impact on the rewards received by Bitcoin miners. KEEP READING