The cryptocurrency Industry is facing profit squeezes, and USA mining companies are "making ends meet".
It is estimated that in the third quarter of last year, the Average Cost of producing Bitcoin for all miners listed in the USA was $55,950 per coin, a 13% increase from the previous quarter, with an Average Cost of $106,000 including depreciation and stock-based compensation costs. Bitcoin is currently priced at $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.
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Lawrie : Haha dam mstr unstable
Nathyribeiro : It is ok. i bought it when it was 400 lol
Skye7171 : same, this stock is gonna die after the btc reserve hoax gets reality checked. trump has no power to singlehandedly implement such a thing. crypto bulls really think he can just do an executive order which is laughable. Whatever bill gets pushed up to congress will be quickly shot down because not only does the US not get much benefit from owning btc, but it’s a security threat as we do not fully understand it’s origins. Secondly, the government buying btc would be a side bet that the us dollar would fail, which it never will as it drives the global economy. Hence buying btc as the US government is such a joke. Congress has the power of the purse guys… also saylor met with trump junior thinking trump will actually do this lmao. trump sent trump jr cause he really doesn’t care about btc and saylor and just needed extra support. politics, politics, politics…