The following is a direct excerpt of Marty’s crooked problem # 1206.Hash price at the lowest point since November 2020” Sign up for our newsletter here..
Are you all okay? Are you still licking your wounds from the chaotic price plunge? Welcome to Bitcoin. There will be more such days in the next 10 years. This should be expected when the world is introduced into a new world reserve currency that is completely foreign to the average human being. The road to Bitcoin standard will be very bumpy.
That said, I wanted to pay attention to the current hash price, which was the lowest since November 2020, when Bitcoin traded for about $ 15,000 and the hash rate was about 100 Exa Hash lower. .. we I warned the freak a few weeks ago Rising energy prices, rising difficult-to-mining environments, and the culmination of bitcoin price stagnation will bring some stress to the Bitcoin mining market. Well, today we seem to be prepared for energy prices to continue to rise throughout the summer, difficulties continue to rise, and Bitcoin prices happen to plummet (and may continue to fall). ) Notice that you are in the environment. This should further turmoil the mining sector.
Who will survive the storm? You’ll know by autumn.
If this pricing behavior scares you, you need to take a deep breath and remember the basic utilities Bitcoin offers to the world. Bitcoin is a decentralized peer-to-peer cash system with a fixed supply of 21 million, a currency completely separated from parasitic systems that rely entirely on individuals around the world for cheap debt and the ability to kick. You can go down the road to provide the system. The road is nearing its end as stagflation could hit the US economy and the Federal Reserve completely. Truman show style. At some point, the Fed and the Treasury try to kick the can further and bounce off the wall where the road is drawn.
When that happens, Bitcoin is waiting there. Create blocks to facilitate peer-to-peer transactions for anyone who can access the software to receive and broadcast transactions. This is a blessing. I will never forget it.