Coinbase: Predicting the Effects of a BTC Halving is Not Easy

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David Duong, the head of research at Coinbase, has highlighted that the consequences of the upcoming halving in 2024 are difficult to predict.

The halving, which is set to take place in 2024, will reduce the block rewards for miners from 6.25 to 3.125 Bitcoin.

He has reminded that the impact of the previous two halvings was subject to external factors such as fiscal policy and consumer inflation.

Duong expressed his belief, that while the event may be beneficial for BTC, it’s impossible to accurately model the cryptocurrency’s behavior without considering these external factors.