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Bitcoin’s Slump Is Good for Crypto Miners in Long Term, Jefferies Analyst Says

A lower bitcoin price will deter new entrants and help incumbents gain market share.

Updated May 11, 2023, 5:50 p.m. Published Jan 10, 2022, 4:06 p.m.
Bitcoin's price slump creates a barrier to entry for new miners. (S. Hermann & F. Richter/Pixabay)
Bitcoin's price slump creates a barrier to entry for new miners. (S. Hermann & F. Richter/Pixabay)