The next Bitcoin halving event is less than 9 months away and the consensus opinion among analysts and investors is that the halving will sendDespite this belief, the absence of fresh inflow to the crypto market, the current macroeconomic headwinds and BTC’s recentwith Paul Barron, Hut8 vice president Sue Ennis shared her thoughts on how Bitcoin price will rise above $100,000 in the next year and how the upcoming halving will impact BTC miners.
Ennis referenced 6 gigawatts of nuclear and renewable energy being generated in the Middle East and with the governments within this region exploring Bitcoin mining as an option, this is bringing more hashrate online in a way that is somewhat price agnostic. This is drastically different from how publicly traded US-based and more forward facing miners operate.
Revenue diversification would include exploring various AI applications, dedicating some warehouse rackspace to GPUs for companies specialising in AI training and possibly offering industrial-level ASIC repair services, or even participating in demand-response initiatives with large energy producers and distributors.Crypto investors have waited years for the launch of a spot Bitcoin ETF and even with the, an approval by the U.S. Securities and Exchange Commission remains elusive.
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Source: Reuters - 🏆 2. / 97 Read more »