WATCH The Bitcoin Miners!! Will They Start Selling?!
Hey Guys,
Have you ever wondered what would happen to BTC if Bitcoin mining stopped being profitable?
Well, the short answer is that it could present a huge security risk to the Bitcoin blockchain. This is why everyone has been freaking out about all the headlines that Bitcoin miners that are starting to sell boatloads of BTC to stay afloat.
As is often the case however, there is much more to these headlines than meets the eye. Luckily, most of the Bitcoin miners that are in trouble are those that took on a lot of debt during the bull market in an attempt to continue their exponential expansion. More importantly, these Bitcoin miners hold a relatively small amount of BTC relative to its market.
Still, this doesn't change the fact that there do seem to be some big risks for Bitcoin miners on the horizon, and some of these risks actually relate to Ethereum's ETH due to its transition to proof of stake. These are just a few of the topics I cover in today's video.
Make no mistake, this is stuff that you absolutely need to know given all the crypto market lows!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Bitcoin Mining Profitability Calculator: https://www.buybitcoinworldwide.com/m...
► Bitcoin Difficulty: https://www.blockchain.com/charts/dif...
► Bitcoin Hash Rate: https://www.blockchain.com/charts/has...
► BTC Treasuries: https://www.buybitcoinworldwide.com/t...
► Hash Rate Of Publicly Traded Bitcoin Miners: https://cointelegraph.com/news/contro...
► 20% of Ethereum’s Supply Held by Miners: https://cointelegraph.com/news/ethere...
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
