2024-02-05 05:04:25 ET
Summary
- The implications and impact of "slow and steady" are vast and wide.
- It could cause the Bitcoin mining sector to consolidate and favor a subset of miners in the short run, while risk breaking Bitcoin's PoW protocol in the long run.
- These observations shape our expectations, HODL policy, and approach to Bitcoin mining sector.
- As big as the Bitcoin ecosystem may be, we do not expect the Fed to bail it in a crisis.
Introduction
Read the full article on Seeking Alpha
For further details see:
The Coming Reckoning Of Bitcoin Miners: A Sector Analysis