Star of the show Shark Tank Mark Cuban, the owner of Dallas Mavericks and television series has warned investors about the “unprecedented” The market after the Bitcoin halves. Cuban also discussed the effect that this event will have upon Bitcoin miners, and the revenue they generate.
Last week, the highly anticipated event occurred and was met with a multitude of expectations. Various analyses highlighted the potential negative effects of its arrival. The seat’s price has not decreased, but it is still $66,000. It increased 2% Monday. CoinMarketCap.
![Bitcoin Halving](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Mark-Cuban-Warns-Over-Unprecedented-Post-Bitcoin-Halving.jpg)
Please Read This: Elon Musk & Mark Cuban Join Forces for Legal Battle Against SEC
Mark Cuban issues a post-Halving warning
Mark Cuban is one of the most prominent and well-known entrepreneurs. He is well-known as an NBA player and owner, not to mention a face of Shark Tank. He is also well-known as a proponent of the digital assets sector.
The Language of Speaking The Block, Mark Cuban offered a surprising warning regarding the ‘unprecedented’ post-bitcoin halving market. Cuban stated that this event was significant because “it going to make it harder for miners to get paid.”
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Mark-Cuban-Warns-Over-Unprecedented-Post-Bitcoin-Halving.jpeg)
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Mark-Cuban-Warns-Over-Unprecedented-Post-Bitcoin-Halving.jpeg)
Please Read This: Mark Cuban Says SEC Crypto Approach Led to FTX Losses
Cuban’s assessment was accurate, since the fourth event of halving decreased mining rewards. They went from 6,25 BTC down to 3,125 BTC. This depletion also means that miner revenues will be cut by nearly half. Cubans are not interested in this aspect.
“The truly interesting question related to the halving is the GPU market,” Cuban spoke to the publication. “Miners need more power. There is unprecedented demand from AI for those GPUs. Will that distort the economics of mining?” Cuban inquired.
It is an incredibly important question for Bitcoin and digital asset markets. This Bitcoin halves could provide a fresh entry for AI in mining. Bitcoin mining has tried to incorporate artificial intelligence since the beginning. It is a fact that the Bitcoin mining industry has been embracing artificial intelligence for a long time. “unprecedented demand” Could exponentially increase the exploration.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru