Bitcoin Miners Are Earning Less Than Grocers — $500 a Coin | Ep 480
Good now revolutionaries — the cost to mine a single Bitcoin just hit $70,000, and the miners making it happen are taking home $500 a token. Marathon Digital unloaded over $1 billion in Bitcoin overnight, and three consecutive negative difficulty adjustments just hit the network for the first time since July. Will broke down exactly what that means for price pressure and who is quietly buying the miners themselves — BlackRock already owns 40% of four of the top six.
On the macro front, foreign holdings of U.S. treasuries surged by $34.8 billion in January to $9.3 trillion — the second highest…
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