What is Nostr?
BTCMeansFreedom4All /
npub1kl8…q497
2025-01-10 20:27:34
in reply to nevent1q…tg9a

BTCMeansFreedom4All on Nostr: Also, FTX was a contributor but I believe the China ban on mining is what took the ...

Also, FTX was a contributor but I believe the China ban on mining is what took the steam out of the market mid cycle. This is what caused the double peak and the much lower than expected top.

The mining cost being the anchor on the price, with mining hashrate nearly cutting in half the support for greater than $100k within the cycle was lost.

Author Public Key
npub1kl8aguhljq6yrmrv64dm2phew3pprfhx3ef9yh2zg3gkn0dq8adqzfq497