Coinbase: Bitcoin L2 Ecosystem Outlook after BTC Halving
After the halving, miners’ income continued to rise and the Bitcoin L2 ecosystem heated up.

After the halving, miners’ income continued to rise and the Bitcoin L2 ecosystem heated up.
Experts say the price of Bitcoin could top $200,000 by 2028, but concerns about network security and miner profitability remain.
Perhaps what is different from all previous halving cycles is the change in the income structure of miners, which is caused by factors such as the future price space of BTC and the current development status of the Bitcoin ecosystem.
Since the birth of Bitcoin, its unique economic model and fixed supply mechanism have always been the focus of market attention.
Continued increase in demand for Bitcoin could offset selling pressure, as well as reduced issuance, driving price action
Crypto asset technology continues to evolve, and the BTC halving event will further drive market development.
The last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in 2024.
Traders still anticipate BTC prices above $100,000, but a closer look at the BTC halving cycle chart suggests that a sharper downside move will occur first.
With BTC falling in price since November and revenues falling further due to increased competition, miners are starting to be cash-strapped and need a boost.
The Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving.