According to King, now two mining pools – Foundry USA and Antpool – control most of the network hash. Due to the fact that mining became centralized, favorable conditions for an attack have developed 51%.
King drew attention to the unusual activity of large investors, which massively remove the first cryptocurrency from the wallets.
“The question is not whether the collapse of bitcoin will happen, but only when,” King said.
The analyst also criticized the co -founder of the American company Strategy Michael Saylor. In his opinion, a businessman, using his strategy for the accumulation of bitcoin, deliberately enhances pressure on the market.
Another factor that had a strong negative impact on the mood of investors, according to King, was the statement of the US Minister of Finance Scott Bessent that the government would not buy bitcoin for the state reserve.
Earlier, economist Harry Dent, in an interview with a billionaire investor Robert Kiyosaki, said that on three most important financial schedules-Bitcoin, Nasdaq 100 and NVIDIA-signs of the advancing collapse are visible.
Source: Bits
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