The road to 1 million = centralisation of BTC

The real BTC cycle now isn’t price, it’s mining. There are three tiers of institutional mining - tier 3 these guys operate on old equipment and they spend 60-90k per BTC mined. These guys are beginning to fall into trouble. The longer we linger around these price levels and operating at a loss, eventually they will capitulate, this creates a cascading effect to a point where if we see 45k BTC this bear, ALL tier 3 and many tier 2 Mining firms die or are close to dying. Tier 1 mining firms with the best equipment at this point will survive indefinitely.

As tier 3 and tier 2 mining firms die off, the Hash rate and difficulty to mine BTC also falls off a cliff, this allows Tier 1 mining firms to grow exponentially; eating all the tier 2 mining companies that go bust.

We are inevitably faced with the elephant in the room. This is the Cycle where the ultra rich take over BTC. we will find ourselves in a position that the majority of Bitcoins Hashrate will be in the hands of just a few entities. This is how BTC will reach 1 million USD and how BTC becomes a fully centralised asset.

Forgive my grammar. This wasn’t AI generated ????