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Arthur Hayes predict that the price of Bitcoin could reach as high as $1 million while the price of gold could reach $10k.
Both interest in Bitcoin and an increasing percentage of Short Terms Holders in loss suggest potential for a capitulation event.
Though bitcoin miner reserves have decreased significantly, most public bitcoin miners aim to keep as much as possible of the bitcoin they mine. Why do miners pursue this balance sheet strategy, and which miners hodl the most bitcoin?
