"Withdrawals From Bitcoin Mining Pools Double A Bad Sign For The BTC Price?
Bitcoin miners are set to become the next trigger for a Bitcoin price crash, according to one of the industry’s leading voices.
Bitcoin Cash (BCH) developer Roger Ver said that a shortage of hash power could be the next trigger for a major BTC price decline, as outflows hit multi-month highs.
The reason why I think will be the next trigger is because they’re going to run out of money.
Bitcoin mining is an expensive business, so if you have an insatiable demand for bitcoins and don’t have enough bitcoin miners making them, then that’s when prices are going to go down.
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