Bitcoin mining faces new challenges, with mining difficulty reaching a staggering record high of 86,4 trillion, an increase of almost 4%. This milestone comes days before the highly anticipated halving event, marking a significant period in cryptocurrency history. Mining difficulty, which measures the complexity of the problems miners need to solve to add new blocks to the blockchain, has seen a substantial increase.
This increase in difficulty suggests that more computing power is being deployed on the network, a strategic preparation for the upcoming halving, scheduled for April 20th. The hash rate, which represents the total computing power dedicated to the Bitcoin network, has also shown growth, indicating growing interest and investment in Bitcoin mining.
With Halving approaching, there is an expectation that block rewards will be reduced from 6,25 BTC to 3,125 BTC. Although this change may impact miners' profits, the Bitcoin price remains strong, fueling optimism about the future market value of the currency.
Prominent figures in the financial sector, such as Robert Kiyosaki, author of the bestseller “Rich Dad, Poor Dad”, and Cathie Wood, from Ark Invest, have made optimistic predictions for Bitcoin. Kiyosaki expressed his support, reinforcing his belief in Bitcoin’s potential: “I’m really excited about what’s next for Bitcoin.” Cathie Wood shares this view, believing that Bitcoin could reach an impressive $2,3 million per coin.
As the halving event approaches, the entire cryptocurrency community and market watchers are keeping an eye on the impacts this event will have on the future of Bitcoin. This moment is considered crucial for assessing the currency's trajectory and understanding its role in the broader financial scenario.
