Mark Cuban Warns Halving May Hinder Miners, BTC Market Impact Uncertain
Crypto News Terminal20 Apr, 2024
Mark Cuban Warns Halving May Hinder Miners, BTC Market Impact Uncertain
Crypto magnate Mark Cuban shared his views on the upcoming Bitcoin halving, expressing concerns about miners' profitability. In an interview with The Block, Cuban stated that the halving, which reduces block rewards, "will just make it harder for miners to make money." He also acknowledged the uncertainty surrounding the impact on BTC's price. Cuban raised the intriguing question of how the halving will affect the GPU market. He suggested that post-halving, miners may shift towards operating AI models due to increasing power requirements and the heightened demand for GPUs in the AI industry. Previously on April 19, 2024, Cuban commented that he has "no idea" about BTC's price direction post-halving. He emphasized the significance of evaluating the GPU market post-halving to understand the potential impact on miners' profitability and the wider crypto ecosystem.
