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#1007 Nic Carter On The Systemic Issues In American Financial System

The Pomp Podcast

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Miners Are Selling Their Bit Coin

Mining is a procyclical phenomenon. It means that they make the bull markets steeper and the bear markets worse. Miners, i think the last like, down in 20 18 or 20 19, to three thousand. I think that actually was minor selling driven by antrian archaeology. A lot of them are out of business. They're just knotkin exist in a year's time. So there can be insolvencies there. And so for me, there'll be a actualy bottom signal once they're done liquidating all their big coins.

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