🧵 1. Bitcoin miners may need a price above $98K for their business models to stay profitable, despite recent losses in BTC value. #crypto
🧵 1. Bitcoin miners may need a price above $98K for their business models to stay profitable, despite recent losses in BTC value. #crypto
🧵 2. Publicly-listed Bitcoin mining companies have seen their stocks rise nearly 100% while BTC experiences reduced volatility.
🧵 3. The upcoming halving could be a serious challenge for Bitcoin miners, as a 50% decrease in block rewards affects revenue.
🧵 4. Mining companies may face hurdles in maintaining profitability, especially if current valuations and overbought conditions persist.
🧵 5. An increase in Bitcoin's price to nearly $100K might be necessary for miners to sustain their operations and valuations.
🧵 Read more at: https://cointelegraph.com/news/bitcoin-miners-btc-price-98k-halving