In a recent research report, JPMorgan has underscored the potential impact of the upcoming Bitcoin halving event in April on miners' profitability and the cryptocurrency's price. Historically, the cost of Bitcoin production has set a lower boundary for its price, a factor that may become more pronounced post-halving. JPMorgan suggests that this cost could drop to $42,000 following the event, with the central estimate currently hovering around $26,500. This estimation is predicated on a potential 20% decrease in the Bitcoin network's hashrate, which would further influence production costs and consequently the cryptocurrency's value. The report emphasizes that larger publicly listed miners are likely to be better positioned to weather these changes.