jeff on Nostr: My take is that the weaker miners who need to sell all their btc to keep afloat will ...
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.
Published at
2024-04-20 07:52:48Event JSON
{
"id": "97c1130ca812d7f85cea27c859a206da53c2fe384a42c969a6afae52e24c21b0",
"pubkey": "1735792a9abbcbb5450ace29d56dfa542716e2fff8dec798ab9b49b297b1e2f0",
"created_at": 1713599568,
"kind": 1,
"tags": [
[
"e",
"6849526f334cf0c4ae3a9fe916d8bcea58e812158a0a65125c9128d0f5b0bdd9",
"wss://relay.nostr.bg",
"reply"
],
[
"p",
"82bdee506e769ebc94ee2f362d07c1960dce40bac650d826a42f8e0c019c3c96"
],
[
"e",
"6849526f334cf0c4ae3a9fe916d8bcea58e812158a0a65125c9128d0f5b0bdd9",
"wss://relay.nostr.bg",
"root"
]
],
"content": "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.\nRegarding 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.",
"sig": "d48c620a313247a2e846f901dd81a1d5d83b3f77491b82ffffc110a0cedd4e02a060e15cb3b691a3c5e97020ae380a8be957986377676e7c10b720584b2ee2c7"
}
