Chinese Miners Expect Spike Of New Bitcoin Buyers

Majority of the leading Chinese cryptocurrency miners are expected to get new Bitcoin buyers. Considering the poll of crypto services firm RockX, which anticipates 57% of Chinese miners would expect a large number of new Bitcoin buyers to join the market in the near future.

Over 71% of the respondents confirm that the market is gaining its confidence in Bitcoin and over 45% believed that in the next half quarter, Bitcoin price will rise between $10,000 and $12,000 registering 24% of stay around $10,000 with low volatility and over 14% believe BTC will be worth over $15,000.

Bitcoin’s hashrate could change after the halving. It expects it to be in the range of 110 and 130 exahashes according per day. Anti Lam, CEO of RockX dropped a statement saying “This can help domestic mining farms to benefit from cheap hydropower and constantly operate with less and older efficient machines. The mining farms in China, the United States, and Europe phase out older machines. Bitcoin’s hash rate is expected to fall by 30% after the event.” 

[image: Pixabay]

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