This is expected because the Halving is a big factor and probably more sophisticated mining kits to mine easily has not been on market after the halving, it may be a factor for bitcoin increase in price.
Thank you for your answer. As you said, the increasing difficulties are generally reflected in the bitcoin value positively, but I think we have risen enough. It may be time to fix.
The miners most time determine the transaction fee for coins so the more difficult the Minning the higher the transaction fee tend to be.
That was exactly what I needed someone to point out. Bitcoin transaction fees are high already, so this means it will just keep increasing.
Since the Bitcoin Mining has been increased by this Percentage , it will lead to an increase in the gas fee as set by the miners , who will want to recover their lost money .
Definitely and it will also lead to increase in the price of bitcoin because the more difficult it is to mine bitcoin the less will be it supply in the market also.
You are damn right and it is not late yet for bitcoin to reach the price you made mention of because those intending to invest if they do the buying pressure will rise significantly.
Same here, difficult situation bring out either the best or worse in a thing. In this case it might just be for the better who knows. But Bitcoin price is a lot better than before
It is no doubt that if bitcoin remain in trend the price will continue to rise because the difficulty in mining or earnings from mining will be decreasing.
Yes , I read some time last year ending that the percentage of Bitcoin yet to be mined is very small , I think 21% and this will make mining difficult
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