These Bitcoin miners seems to be consolidating and selling Bitcoin to stay in business thanks to the recent drops in price.
Here is the deal, as potential majorr Bitcoin miners might stop mining because they close down, what twill happen to the price of Bitcoin?
- WIll it skyrocket as demand is still in place with no new supply?
- Will mom and pop shop continue mining but at a bigger level?
- Or as predicted by the Chinese government, will Bitcoin price go to zero?L
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Let me know. Here is the new on all this:
Bitcoin Miners Dump Their BTC Holdings En Masse As Mining Profitability Hits ‘Critical Low’ ⋆ ZyCrypto
Bitcoin Miners Contributing To BTC Crash? New Report Sheds Light
Bitcoin Miner Liquidations Threaten Bitcoin’s Recovery
Update Jun 25
Bitcoin Mining Data Suggests More Price Dumps Ahead; Details
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