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Bitcoin News: When Bitcoin (BTC) perched down from its December 2017 high and experienced a downward trend throughout 2018, the naysayers challenged that the very first cryptocurrency with the largest market share is spiraling towards its death.
It all started when the token started skidding below its mining cost and miners were pushed to shut their shop. Adding more heat into the mix a professor of Santa Clara University, Atulya Sarin introduced the idea that the token has entered a death spiral and will be valued at $0 as a result.
Bitcoin Death Spiral
While several influencers objected the theory, dismissing the possibility of the phenomenon including. The author of Mastering Bitcoin, Andreas Antonopoulos elaborated in a Youtube session, the death spiral phenomenon and the reasons it is less likely to happen. Fundamentally, Bitcoin mining dif...
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