SINGAPORE - The upcoming halving of the supply of the world’s most popular cryptocurrency may prompt the shuttering of some miners’ businesses, market players said, with one analyst cautioning that the Bitcoin network’s mass adoption has to fly for it to be sustainable.
Still, most market players expressed optimism that the halving, meant to control the digital currency’s supply and support its value, will lead to more interest in the cryptocurrency and lead to wider adoption.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
