Bitcoin cycle is far from over and miners are in it for the long haul: Fideli...
In a jampacked report on digital assets, Fidelity asset management theorizes that miner movements indicate the Bitcoin cycle has a lot more room to run. Fidelity Digital Assets — the crypto wing of Fidelity Investments, which has $4.2 trillion assets under management, shared their “two sats” on the future of the digital assets space. The key takeaways touched upon miners’ behavior and Bitcoin (BTC) network adoption. In the annual report released last week, the group shared some insights into the world of BTC mining:“As Bitcoin miners have the most financial incentive tho make the best....
Related News
A look at the history of the Miner’s Position Index (MPI) would suggest Bitcoin miners usually sell before the bull run cycle top. The Bitcoin Miner’s Position Index Vs The Price For Various Cycles As pointed out by a crypto analyst on CryptoQuant, the BTC Miner’s Position Index may suggest that miners aren’t good at […]
Bitmain has just released the specifications and a rough shipping time frame of the long-awaited Antminer S9 using the new 16nm process for the ASIC. The new S9 uses 189 chips to achieve this speed across 3 boards. Power consumption has been dropped to 0.1 J/GH for a power pull of roughly 1380 watts. This step up in chip speed and power is still presented in a S7-type design for easy deployment and long term use. Bitmain sees this step from 28nm to 16nm as a crucial change in the mining cycle and long term use of the miners — as opposed to the traditional cycle of releasing a new....
According to a CryptoQuant analyst, the Bitcoin price top isn’t in yet if the pattern of past bull cycles holds any weight. Bitcoin Might Reach A New ATH In This Cycle As per a CryptoQuant post, it’s possible that Bitcoin hasn’t yet reached the cycle top, and that a new all time high (ATH) might be achieved soon. There are two ways to define a cycle. The first is to make the initial point the BTC halving. Here is a chart that shows how the price of the coin moved in the 2012, 2016, and 2020 bull cycles based on this criterion: Price vs the number of days after halving in....
The conclusion of the long-term debt cycle is an inescapable economic reality that coincides with the ascent of the Bitcoin Network.
Using a data-driven approach, it is possible to achieve significant return on investment with bitcoin miners, in both the public and private sectors.