Video Transcript

the Bitcoin Haring is coming does that
mean that the price of machines are
going to cut in half let’s have a look
Satoshi set the monetary policy of
Bitcoin for the next 100 plus years from
when he first created it and so that
means we know exactly when these events
are going to happen how they’re going to
happen and what’s going to happen and so
for example the public Bitcoin miners
everyone knows that their earnings are
going to effectively cut in half and so
people will be selling in advance now
here’s a chart showing mining Hardware
compared to bitcoin price and typically
in the ball markets it follows it like a
moving average but since this last bare
Market the price of machines has stayed
suppressed that’s for two reasons the
network hash rate has gone up so mining
profitability goes down but also the
harving is anticipated we know it’s
going to happen and so machines are sort
of priced over time you look at the 180
day or 2year sort of values of how much
you think you’re going to mine into the
future