Bitcoin’s hashrate will not drop by that muchContrary to popular belief, this halving will likely not cause a major decrease in the network’s hashrate. After Bitcoin’s first three halvings, the hashrate plummeted by 25%, 11%, and 25%, and it appears many analysts and miners are expecting (or hoping for?) a similar hashrate reduction this time.I concur with Pennyether’s prediction that the forthcoming Bitcoin halving is expected to result in a modest decrease in the hashrate, ranging from 5 to 10%. This prediction is also not far from that of Hashrate Index, which sits at 3-7%.This cautious forecast stems from the present high profitability of Bitcoin mining, driven by its high price, and the observation that approximately 70% of Bitcoin’s hashrate was introduced since January 2022, operating under mining economics that at times were less favorable than those now anticipated post-halving.