Currently, bitcoin's hashprice, the daily revenue generated per petahash of computing power, is at $76/PH/s. However, it's anticipated to drop by about 50% immediately post-halving.
@legacy_new While the jury is still out on whether or not Bitcoin spot ETF launch week was a “buy the rumor, sell the news” event, in the medium to long term, it will likely mark a turning point in crypto adoption rates
@erikurielsalaza People invest in cryptocurrencies for the same reason anyone invests in anything. They hope its value will rise, netting them a profit
if bitcoin's price doesn't increase post-halving, the industry might face a challenging period similar to the summer of 2020, marked by overcapacity and strained profitability.
The bitcoin mining ecosystem is self-regulatory, so a drastic reduction in hashprice could lead some less efficient operators to disconnect from the network. This action would decrease the overall network hashrate and difficulty, potentially raising the hashprice again.