4min chapter

Swan Signal Live - A Bitcoin Show cover image

Preston Pysh and Andy Edstrom - E72

Swan Signal Live - A Bitcoin Show

CHAPTER

Bitcoin Mining - Is There a Flaw in the Price?

i'm sort of a sceptic of the notion that there's any flaw in the price of bitcoin related to mining. I do think that hash rate responds to price, which no responds to demand because supply is fixed. The china event pulled the rug out of some things that were going onn and may have set back corporate balance sheet adoption by another nine months or whatever. It's very possible that we've seen a change in market structure that could lead to a less severe down turns as well as a lack of real blow off tops like we've seen in prior cycles. But me no, we'll just have to see.

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