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Bitcoin Can’t Fall To $0 Nor Enter A “Death Spiral” — Mining Rules Deem It So

As BTC capitulated on Thursday evening, falling under a handful of purported key support levels, a number of bearish commentators, including Nouriel “Dr. Doom” Roubini and Bloomberg’s Mike McGlone, doubled down on their sentiment that cryptocurrencies would continue to disintegrate. A number of cynics, who are often berated for their improper insight, pointed to the expected collapse of Bitcoin mining as the primary stimulant for the impending exhaustion of cryptocurrencies.

However, as recently asserted by one of the crypto industry’s finest, this couldn’t be further from the truth.

By Design, Mining Will Keep BTC Alive

Since Bitcoin’s earliest years, Andreas Antonopoulos, a Greek-British blockchain fanatic, has been a zealous Bitcoin crusader, known for brutally debunking critics of a technology they don’t choose to understand. And in this recent market crash, which has led mainstream media to call for the arrival of a crypto “death spiral,” Antonopolus is back to his antics yet again, recently rushing to Bitcoin’s defense via Youtube.

The post Bitcoin Can’t Fall To $0 Nor Enter A “Death Spiral” — Mining Rules Deem It So appeared first on NewsBTC.



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