Michael Saylor spune că China a comis o greșeală de miliarde de dolari de către Ousting Miners Bitcoin

During a recent interview with Bloomberg, the prominent BTC bull spoke about the adverse short-term effects of China’s recent crackdown on Bitcoin mining. While he acknowledged the hash rate and price declines, Saylor believes this ‘mistake’ from the Asian country will provide an excellent opportunity for others.

• As Criptocartofi raportate previously, the world’s most populated nation intensified its crackdown on the cryptocurrency space this year. More specifically, the Asian Superpower went after Bitcoin miners and ordered them to cease operations, citing environmental issues.
• Being the country with the largest share of BTC mining, these actions impacted the network immediately. Not only prices started to tumble, but the hash rate dumped to a multi-month low.
• niste Rapoarte indicated that some miners are relocating to other countries like Kazakhstan and the US, but the process will take time, which is why the metric fails to recover while it awaits the subsequent difficulty adjustment.
• Michael Saylor touched upon this worrying topic while vorbire to Bloomberg and attributed the price drops to Chinese miners being forced to liquidate their positions.
• While talking about China’s decision to oust miners, he called it a “trillion-dollar mistake” for the country, which could actually provide opportunities for others.

• „China avea o cotă de piață de 50% din Bitcoin și generau 10 miliarde de dolari pe an și o afacere în creștere cu 100% de la an la an. Și apoi, guvernul a reprimat-o și a stors întreaga industrie din China. Cred că, având în vedere rata de creștere a Bitcoin, aceasta se va dovedi a fi o greșeală de miliarde de dolari pentru China. ”

• Although he admitted that a nation as powerful as China could “afford to make a trillion-dollar mistake,” he still classified the move as a “tragedy.”
• Nevertheless, the low prices are a “great opportunity for Western investors,” including the company he runs, to acumula more portions of the asset at a discount.
• Saylor believes North American Bitcoin miners will also benefit from this because “their cost is the same, but they are going to generate 50% more revenue or 75% more revenue for quite a while.”