Bitcoin Can’t Fall To $0 Nor Enter A “Death Spiral” — Mining Rules Deem It So40.37

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.

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