My take is that the weaker miners who need to sell all their btc to keep afloat will go to the wall. The stronger ones will remain and can hold onto theirs - removing this supply until the prices rise to a point in which they’ll sell.
Regarding interest rates, we’ve already seen a bitcoin ATH in this higher rates environment and while the rate cuts aren’t coming as soon as expected - they’re coming at some point. This should move the price.
jeff / Jeff
npub1zu…qsygg
2024-04-20 07:52:48
in reply to nevent1q…0kyd
Author Public Key
npub1zu6hj256h09m23g2ec5a2m062sn3dchllr0v0x9tndym99a3utcqxqsyggPublished at
2024-04-20 07:52:48Event JSON
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