May 13, 2021

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Shortly from the Cryptoworld 23/03 | 51 days left to halving, what does it mean?, Bitcoin succeeds in case of financial crisis, it has no choice

2 min read
Shortly from the Cryptoworld 23/03 | 51 days left to halving, what does it mean?, Bitcoin succeeds in case of financial crisis, it has no choice

 

51 days left to halving, what does it mean?

 

From May, it seems that all Bitcoin miners will have a serious profit problem. The price of the BTC does not increase, and neither does the hashrate network not fall. So what does that mean? Already, the price of a BTC must be above $ 6,000 for most miners to be profitable. After halving, the price will have to be twice as high.

 

So it is unclear what will happen next months. Probably most individuals and companies will shut down mining for some time. And sooner or later profitability returns to similar values. Check here for more details.

 

Passive income via Bitcoin? Lennix Lai advises on how to do it

 

There are a number of ways to earn money with cryptocurrencies. Whether through BTC mining, DeFi, staking or lending. Lennix Lai, the director of financial markets at OKEx, believes there is another method to add to this ever-expansive list: crypto staking (This is evidenced by the massive price growth since 2009). He was a keynote speaker during the Blockchain Economy 2020 conference in Turkey, where he explained why crypto is an ideal way to earn passive income. Check here for more details.

 

Bitcoin succeeds in case of financial crisis, it has no choice

 

Bitcoin was designed as an alternative and safe heaven for investors during the last financial crisis. But can he really succeed? After the outbreak of the crisis in the past, all assets had difficulty retaining value. But there is no need to claim that BTC and gold, one week after the outbreak of recession, are defeated.

 

The right time for growth is yet to come. But only when investors start looking for an alternative. It is important to think long term, not short term. If we persist, success will undoubtedly come. Check here for more details.

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