Dear Investors, Wall Street made a play for Bitcoin this week as the world realized what many of us knew all along - Bitcoin is on a path to becoming a universal store of value. Let’s do a quick recap of the headlines: Earlier this week, EDX Markets launched its digital asset platform, the firm
The current cost to mine a Bitcoin is 50% higher than the price of Bitcoin. Either the price needs to rise or the cost to mine it needs to fall.
In our piece shared below, we show where we get this information and the economics behind the mining cost and Bitcoin price. Check it out!
https://specialsituationinvesting.substack.com/p/bitcoin-mining-economics#details
Are they making a play for bitcoin or hoping to regulate it out of existence or control it?