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Theory of Everything
@TheoryofEverything
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I make stuff about quantum physics
The poverty line in the United States has become the gig economy. If you can’t work for Uber or DoorDash, You can’t make it off the street. image
The real bottleneck of the Bitcoin market is miner capitulation. When the corporate miners start dumping coins on exchanges the bull market is over. Marathon (MARA) has already purchased the next round of mining equipment and I believe this is their balance of leverage against their bitcoin treasury. Riot,, Cleanspark, And core scientific scaled their companies before banks would lend to Bitcoin mining companies. They follow a slower pace where they sell coins to buy mining equipment from Bitmain, The Chinese and largest bitcoin mining equipment company. November is the fourth year of the Bitcoin market, The halving, The reduction in the supply schedule of the SHA-256 algorithm usually marks the middle of the bull market. All this happens because bitcoin progresses according to Moores law, The exponential progression of advancement in microprocessor efficiency.