According to a recent poll conducted by Plan B on Twitter, almost 50% of people in crypto believe there's a chance of a mining death spiral occurring following Bitcoin's 2020 halving later this year.
Is this actually likely? Or is the market overestimating the level of risk? And could this help to explain why Bitcoin is still a long way from its S2F model valuation of $50-100k that it's expected to reach by the end of 2021?
🧠 FREE CRASH COURSE - Learn to securely buy, store and sell cryptocurrencies:
🧠 Want to get smart about crypto investing? Download my brain here:
ESSENTIAL CRYPTO RESOURCES
♦ Recommended place to buy Bitcoin/Ethereum: COINBASE -
Sign up here: https://www.coinbase.com/join/58977243c1604b62321378df
♦ Recommended Wallet: LEDGER NANO S -
Available here: https://www.ledgerwallet.com/r/3c47
♦ Learn to code with Ivan on Tech's Academy. EXCLUSIVE offer - just $9 for first month: https://academy.ivanontech.com/louis
♦♦♦ [ADVANCED] Get very smart about crypto: 1000x Group:
Access here: https://louisthomas.krtra.com/t/HLfW7ShGqsoQ
SOCIAL MEDIA LINKS
● Website: louisthomas.co.uk
● Facebook: https://www.facebook.com/LouisThomasChannel/
● Twitter: https://twitter.com/LouisThomasYT
● Instagram: https://www.instagram.com/louisthomaschannel
● Steemit: https://steemit.com/@louisthomas
● Snapchat: louisxthomas
● I DO NOT HAVE A PUBLIC TELEGRAM/DISCORD. WATCH OUT FOR SCAMMERS
♥ ETH: 0xc12f59c4e23dccd369437bbdb09470879d8c0825
♥ BTC: 1L2LswVmTobmEK8dy6Yw9nWx93Z1zZ1jb3
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make. Read more...