In a latest assertion, well-known cryptocurrency analyst Willy Woo shared his views on what is required for the Bitcoin (BTC) value to get better.
Woo defined: “When will Bitcoin get better? When weak miners die and the hash charge recovers.”
Woo defined: “When will Bitcoin get better? When weak miners die and the hash charge recovers.” Woo, mevcut durumun rekorlar kitabına girecek bir durum olduğunu, çünkü madencilerin yarılanma (halving) sonrası çöküşünün alışılmadık derecede uzun sürdüğünü belirtti. Bunun nedeninin, madenci kârlarını artıran ordinals olabileceğini öne sürdü.
Woo then took us on a journey into previous recoveries. Woo recalled the 2017 hashrate restoration that lasted 24 days.
The restoration in 2020 was a distinct story. Amid the chaos of the COVID-19 collapse, the restoration took simply 8 days. Throughout this time, many rich people from Wall Road took day without work to get better. However MicroStrategy’s CEO, Michael Saylor, was an exception. Saylor was actively shopping for Bitcoin and inspiring his rich buddies to do the identical.
As of in the present day, the Bitcoin group continues to be ready for miners to surrender. To this point, 61 days have handed and the wait continues.
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