JP Morgan Chase warned in a research report that the Bitcoin halving event scheduled to be held in April will have a negative impact on miners' profitability due to reduced rewards and increased production costs, which may ultimately mean a drop in prices.

Analysts predict that the Bitcoin network computing power may drop by 20% after the halving, and the Bitcoin price will be approximately $42,000. The concentration of the mining industry will increase, and listed Bitcoin miners will have a more competitive advantage.