4min chapter

Swan Signal Live - A Bitcoin Show cover image

Austin Mitchell & Patti Trompeter | Swan Signal | EP 113

Swan Signal Live - A Bitcoin Show

CHAPTER

Lessons Learned From Bitcoin's Bear Market

A lot of companies went public for the first time. They gorged on cheap debt and over expanded in this bull market, thinking that Bitcoin's price will just keep going up. A lot of these companies had a ton of debt on their balance sheets. Some giant powerhouses file a lot for Chapter 11. I think we've learned to watch the prices. We know what happens to Bitcoin six months, seven months after that happening. The fact that you don't have debt should be on every Bitcoin miner's mind.

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