Opinion: Trump's influence is unlikely to affect miners in the short term
Former US President Donald Trump's strong support for Bitcoin mining has made the cryptocurrency industry the focus of attention. However, experts say this is not enough. Quinn Thompson, founder of the cryptocurrency hedge fund Lekker Capital, said that miners are facing serious profitability issues and most miners' business models are flawed. Trump cannot solve this problem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US equities reverse losses as inflation data, key earnings report loom
Nvidia is scheduled to report its Q4 earnings on Wednesday afternoon
Ethereum Faces Worst February Since 2018 Amid Market Pressure
Ethereum risks its worst February if it falls below $2400, with macroeconomic factors adding to the pressure. Can ETH recover?Historical Trends vs. Current Market ConditionsMacroeconomic Uncertainty Weighs on ETHWhat’s Next for Ethereum?
Fear Signals a Bullish Move: Are You Ready?
Bullish markets often start with fear, while bear markets begin in euphoria. Are we at the start of a new bullish leg up?The Role of Fear in Bullish Market TrendsEuphoria: The Silent Start of a Bear MarketWhere Are We Now?
Trending news
MoreCrypto prices
More
