Cryptocurrency analyst Charles Edwards recently made a prediction that the base price of Bitcoin will reach $41,200 in five months before the halving in April 2024. This prediction is based on the idea that when Bitcoin's reward is halved, inefficient miners will start shutting down, the supply will decrease, and the cost of mining activities will increase. In the last two halvings, the electricity cost went up by 65% and 50% and the analyst believes that history can repeat itself. If so, the pace of increase in the price of Bitcoin will be faster. At the time of writing, Bitcoin prices were trading at $38,187.



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