According to Crypto News, JPMorgan predicts that the BTC network computing power may drop by 20% after the next halving event, estimated in April 2024. The report estimates that the next halving may eliminate up to 80EH/s (or 20% of the network computing power) as less efficient hardware is retired.
The report also mentioned that based on Bitcoin’s current price, the total block reward opportunity over a four-year period is approximately $20 billion. However, it noted that this is a significant drop of approximately 72% compared to more than two years ago. For context, this figure peaked at approximately $73 billion in April 2021 and has fluctuated between $14 billion and $25 billion over the past year.
