Part 6/16:
A substantial part of the discussion focuses on the upcoming Bitcoin halving, expected around April 2024. Matt explains how the halving reduces block rewards from 6.25 to 3.125 bitcoins, and how this impacts miners' profitability and hash rate. The team anticipates that many less efficient miners will cease operations post-halving, leading to a sharp decrease in network difficulty. Historical data from previous halvings suggests a temporary drop in hash rate, with some miners running unprofitably or shutting down due to low margins.