Bitcoin’s ‘Fundamental Value Is Not in Line With Market Price’ — Crypto Miner
Profitable bitcoin mining is essentially a result of an efficient and highly skilled team of professionals that can maintain runtime, a founder of a Bitcoin mining company has asserted. Therefore, even when the price is hovering around $20,000, a bitcoin miner with these attributes can still operate profitably. ‘Bitcoin Fundamentals Rarely Change’ The drop in value of bitcoin from just under $30,000 at the start of June to below $20,000 by mid-month is believed to be one of the factors that contributed to the collapse and insolvency of large crypto entities like 3AC and more....
Related News
Bitcoin’s price action as of late is finally beginning to reflect the fundamental strength incurred throughout the past several months Virtually all on-chain metrics are currently playing in bulls’ favor, while other fundamental developments – like the adoption of BTC as a reserve asset – also give it a boost This fundamental strength may be what helped lead the cryptocurrency up from recent lows of $9,900 to highs of $11,700 that were tapped just days […]
A chief economist at UBS, the largest bank in Switzerland, says cryptocurrency has a fundamental flaw. Bitcoin’s fixed supply could cause the collapse of its value and spending power, making it unattractive to use as a currency, he claims. A UBS Chief Economist Says Bitcoin’s Fixed Supply Is a ‘Fundamental Flaw’ Paul Donovan, Chief Economist of UBS Global Wealth Management, explained last week why people won’t want to use bitcoin as a currency. UBS is the largest bank in Switzerland. “The debate about bitcoin and other crypto tends to be very passionate.....
The fundamental structure of bitcoin quite literally ensures that bitcoin’s price will go up.
The co-founder and CEO of prominent bitcoin miner BitFury, Valery Vavilov, has penned an impassioned blog to highlight the merits of bitcoin and the bitcoin blockchain at a time when infighting within the bitcoin community is making all the headlines. The executive has also opined that there is the only blockchain that matters, with its immutability, the bitcoin blockchain. The co-founder of the best-funded miner in the industry revealed his thoughts in a recent blog that aims to educate certain fundamental facts about the Bitcoin Blockchain. Taking ‘Bitcoin’ and ‘Blockchain’ apart....
Ironically, digital assets might be one of the best asset classes for true fundamental investment analysis, says our columnist.