Analysts at JPMorgan Chase & Co and Deutsche Bank AG believe that the upcoming reduction in mining rewards has already been factored into the price of Bitcoin. The focus now shifts to the impact on mining. Public companies are expected to increase their market share while unprofitable miners leave the network. 📉

Deutsche Bank does not predict a significant increase in Bitcoin prices after the reward reduction, believing that the network algorithm has already taken this update into account.

Despite expectations of limited price volatility, Deutsche Bank remains positive on Bitcoin's trajectory, pointing to potential catalysts such as pending Ethereum ETF approvals, central bank interest rate changes and regulatory changes.