With only 1 million Bitcoin remaining to be mined (about 5% of total supply) over the next 100 years, and mining rewards halving every four years, miners are structurally the most bullish participants in the Bitcoin network because they operate under the belief that price will increase faster than difficulty, protecting their profit margins and making the next decade a prime opportunity for profitability.
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Only 1M Bitcoin Left 😲Hinzugefügt:
There's only a million Bitcoin left to mine, and that's going to be spread out over like the next hundred [music] and some years. It's not a lot. And then every four years that gets cut in half.
What do you think about the miners' ability to stay profitable as that reward continues to drop? Most of the people already have the opinion that it's too competitive, there's no way I'm going to [music] be profitable. And so that keeps a lot of people on the sidelines. We've got a million coins left to mine, about 5% of the [music] supply. Four of that will be over the next 10 years. I often say miners are the structurally most bullish participants in the Bitcoin [music] network because we operate under the belief that price is going to go up much faster than difficulty goes up, and that our margins are going to be protected.
And if you have that [music] belief and you're positioned that way, then the next 10 years are really your opportunity to get ahead.
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