Analysts Jonathan Petersen and Joe Dickstein emphasized that the victory of the Republican presidential candidate Donald Trump in the November 4 elections will serve as a powerful factor for the growth of the first cryptocurrency.
Experts also paid attention to the mining industry. According to their estimates, miners’ profits did not fall as much as expected. Jefferies pointed to a drop in such indicators as hash rate, price per hash, and mining difficulty. However, this affected only part of the market.
The industry is currently entering a consolidation phase, as indicated by acquisitions, analysts say. Comments from experts and mining company representatives indicate that there will be more such deals in the near future. According to Jefferies experts, reliable power supply channels will be more in demand in the medium term than mining equipment.
Earlier, the CEO of the research company 10x Research, Markus Thielen, said that the price of Bitcoin will depend on macroeconomic factors in the United States.
Source: Bits
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