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JUST IN: The Bitcoin Standard author Saifedean Ammous says Bitcoin needs to hit ~$150,000 before the next halving to surpass previous-era mining rewards
Saifedean Ammous, author of The Bitcoin Standard, said Bitcoin needs to reach about $150,000 before the next halving to surpass mining rewards from previous eras.
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What happened
Saifedean Ammous, author of The Bitcoin Standard, said Bitcoin needs to reach about $150,000 before the next halving to surpass mining rewards from previous eras.
Confirmed
Global impact / market context
Bitcoin mining rewards are the new coins miners receive for verifying transactions. If rewards shrink, miners may earn less unless Bitcoin's price rises enough to offset that drop.
Analyst inference
The halving cuts new Bitcoin issued to miners roughly every four years. Ammous's estimate links Bitcoin's price to miners' revenue, which affects their costs, selling behavior, and willingness to keep mining.
Analyst inference
What to watch
- Ammous specifically ties the roughly $150,000 Bitcoin price level to surpassing previous-era mining rewards before the next halving occurs. Confirmed
- Whether Bitcoin actually reaches about $150,000 before the next halving remains an open possibility, not a confirmed outcome. Proposed
- If rewards stay lower, miners might sell more coins or cut spending, which can affect Bitcoin's market and mining industry. Analyst inference
Affected assets
- BTC — Bitcoin