The era of ‘hyperbolic’ is over: Wintermute’s report shows a structural change for Bitcoin
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Over the past decade, Bitcoin mining has thrived on predicting price increases after the halving. However, a new report from Wintermuth suggests that this dependence has ended as bitcoin has grown into an institutional asset, disrupting previous profit cycles. Diminishing returns in the post-institutional era For more than a decade, bitcoin mining has relied on a simple gamble: weather four-year halves. […]
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