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xgin

02/21/21 7:03 PM

#54520 RE: Hercules1 #54519

That's the point. It would be more profitable for miners to stop selling their bitcoin (meaning there would be about 900 less a day to buy)thus making them even scarcer, and would drive the price even higher . The bitcoin they were using as collateral for loans would be all the more valuable.
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trademax42

02/21/21 9:39 PM

#54533 RE: Hercules1 #54519

Exactly Hercules1. Blackrock started investing in BTC, the largest asset manager with almost $9 trillion under management.

"World’s Largest Asset Manager Blackrock Enters Bitcoin Space — Discusses What's Driving Up BTC Price"

https://news.bitcoin.com/blackrock-investing-bitcoin-why-btc-price-up/

And others like:

....Elon Musk invested $1.5 billion in BTC.

....Mastercard: "Mastercard Will Start Supporting Cryptocurrencies Directly on its Network"

https://news.bitcoin.com/mastercard-cryptocurrencies-directly-on-its-network/

....BNY Mellon: "Oldest US Bank BNY Mellon Sets Up Crypto Unit to Offer Bitcoin Services".

https://news.bitcoin.com/bny-mellon-bank-cryptocurrency-bitcoin/

....Bitcoin could replace gold: "Blackrock's Chief Investment Officer: Cryptocurrency Is Here to Stay, Bitcoin Could Replace Gold"

https://news.bitcoin.com/blackrock-cryptocurrency-bitcoin-replace-gold/

.....BTC market capitalization now above $1 trillion.

https://www.coindesk.com/price/bitcoin

$INTV

Just my opinion as always.