“One of the consequences of the recent rout in Bitcoin is well underway. And it’s likely to have a profound effect on the leading cryptocurrency.”
With 100,000+ individual miners, and an estimated 1.4M servers, shutting down, the market is experiencing significant consolidation. Malachi Salcido remarks, “We are entering in the phase when there’s a flushing out of the market … There will be relatively few operations that come out the other side.”
Read the full article to find out what this could mean – the good and the bad – for those who continue to trade in Bitcoin.
