德意志银行

Summary:
• This year’s Bitcoin halving will reduce mining rewards to 3.125 bitcoins, posing a challenge to miners’ profitability.
• CryptoQuant reports that hash prices for miners have fallen 30% since the last halving and are expected to fall further.
• As competition intensifies and costs rise, the Bitcoin network hash rate has reached 600 EH/s, affecting profits.

In about 10 days, the Bitcoin community will witness a major event, the Bitcoin halving, which will slash the reward for mining a Bitcoin block from 6.25 bitcoins to 3.125, putting pressure on miners’ profitability.

Globally, as several central banks actively explore central bank digital currencies (CBDCs), it is widely expected that the use of cash will gradually decrease.

However, the results of a survey conducted by Deutsche Bank revealed a different trend. The survey covered 4,850 respondents from Europe, the United Kingdom, and the United States, and the results showed that most respondents still prefer to use traditional payment methods such as cash, debit cards, or credit cards rather than turning to CBDC.
Cash comes first, but consumers still have reservations about CBDC
In the survey of 4,850 respondents in Europe, the UK and the US, 59% of respondents firmly believe that cash will always be useful, while 44% said they prefer to use cash rather than CBDC for payments. Only 16% of respondents expect CBDC to become a mainstream payment method.