🚀 Bitcoin mining profitability may not plummet after the upcoming Bitcoin halving, despite a 50% drop in BTC supply issuance. Laurent Benayoun, CEO of Acheron Trading, suggests that the decrease in mining rewards will be offset by a rise in network fees. 💡

With the halving set to slash block issuance rewards from 6.25 BTC to 3.125 BTC on April 20, previous events saw smaller mining firms exit the scene. But this time, it's different! Thanks to increased network fees spurred by Ordinals inscriptions and Bitcoin-native DeFi (BTCFi), miners might just keep their heads above water. 🏊‍♂️

Currently, average Bitcoin transaction fees sit at $4.88 per transaction, a drop from $16.13 a month ago. However, these fees have surged over 86% in the past year.

As long as Bitcoin price stays above $70,000, mining firms should remain profitable. But remember, it's not just about the price, the quality and energy efficiency of mining equipment also play a crucial role.

What do you think? Will the upcoming halving shake up the mining industry or will increased network fees save the day? Comment below! 👇