Over the past decade, bitcoin mining thrived on predicting price surges after halvings. However, a new report by Wintermute indicates this reliance has ended as bitcoin matures into an institutional asset, disrupting previous profitability cycles. Diminishing Returns in the Post-Institutional Era For over a decade, bitcoin mining relied on a simple gamble: weather quadrennial halvings […]
Source: https://news.bitcoin.com/the-hyperbolic-era-ends-wintermute-report-reveals-structural-shift-for-bitcoin/
