Hope this year and next year will be great for crypto lovers. Because after a long wait this year and in a few days the bitcoin halving is starting. And there is no end to the speculation among digital currency investors. Because at this time the price of Bitcoin increases as well as the price of other altcoins also increases greatly. For example, since the approval of the Bitcoin ETF, the price of Bitcoin is now at its highest level in several years, and the price of unique coins is also increasing significantly. However, the price of all coins is very bullish at the moment, however, a possible slowdown in the price of Bitcoin after the Bitcoin halving could tank the share prices of high-priced public miners in the US at that time. Such is the consideration and subsequently it forces some to even go offshore.
Since the Bitcoin halving in April and hopefully after that, especially next year, the price of Bitcoin can go to the highest level, even many are discussing that the price of Bitcoin can exceed 100 million dollars. But many have speculated that the price of Bitcoin may not rise significantly. However, Jaran Melerud, founder and chief mining strategist at HashLabs Mining, expressed his own opinion and shared his views on what could happen if the price of Bitcoin (BTC) does not rise significantly. He says we can see a mining stock blood bath. Because investors realize that these companies are rarely making money half later We know Bitcoin halves every four years and that's when the block reward is halved, and Mailerud is now looking at a three to four month window after the halving to see how much the reward reduction puts pressure on mining profitability.
However, Bitcoin halved in 2020 after the last Bitcoin Halving. But in 2021 we saw the peak price of Bitcoin and at the same time we saw the price of other altcoins increase a lot. Bitcoin halving is expected in mid or late April this year. This time will typically cut bitcoin miner rewards in half. But it can be seen that when the bitcoin miner's cleanup is brought in half of the poets, it can be seen that the price of bitcoin increases a lot. This has historically been followed by an increase in the value of Bitcoin. However, it is not possible to say exactly how much the price of Bitcoin increases at this time. But it remains bullish on price.
But an important point here is if Bitcoin fails to make a big run before that three to four month gap. Then it appears that a significant portion of the network is likely to shut down their machines. Here, however, there is a fixed hosting rate per kilowatt hour. This hosting rate can be $0.07. This hosting rate adds mailerud. But a large concentration of these unskilled miners is located in the United States. Mellerud expects some of Bitcoin's hash rates to migrate from the US to other countries as well. This hash rate is believed to migrate from the US to countries in Africa and Latin America with lower electricity rates.
This migration can even happen in countries like Ethiopia, Nigeria and Kenya. That's why he mentioned these African countries as the countries in the best position. He also mentioned that if mining migration events are released to capture a larger portion of the hash rate. He also expects the African country to capture 5-10% of Bitcoin's total hash rate in the next few years. However, to know more details about it, you can read this news.