Bitcoin (BTC) mining has had a tumultuous journey over the past year. The bearish market conditions, rising energy costs, and increased difficulty levels have made it increasingly difficult for miners to remain profitable.
However, according to a recent Twitter thread by Mitchell, a researcher at Blockware Solutions, the tides are shifting, and the outlook for Bitcoin mining is looking positive.
Is The Future Of Bitcoin Mining Bright?
Mitchell suggests that to be bullish on mining, one must also be bullish on Bitcoin. BTC has proven to be a resilient asset, with a fixed supply and a growing list of use cases. Mitchell highlights the potential collapse of fiat banking and debt-ceiling increases as factors that make Bitcoin an attractive investment.
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The researcher highlights the impact of Application-Specific…
