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1 sat \ 0 replies \ @65165465 OP 4 Aug 2023 \ on: Bitcoin miners need BTC price over $98K by the halving bitcoin
Publicly-listed Bitcoin mining companies may struggle to remain profitable due to the upcoming halving, which cuts their revenue in half. To maintain their valuations, Bitcoin's price may need to reach nearly $100,000. Some predictions suggest Bitcoin could reach $125,000 by the end of 2024. However, investing in Bitcoin mining stocks is considered risky given the uncertain market conditions.