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Bitcoin halving could lead to miners winding up or consolidating, say crypto players
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In the longer term, the growing adoption of the Bitcoin blockchain would be needed to boost transaction fee revenue and preserve the economics of mining.
PHOTO: AFP
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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
