Bitcoin miners must pay costs by reducing the currency – LEDN Exec

Bitcoin (BTCMining companies must retain the Bitcoin and use as a guarantee of loans provided by FIAT to pay operating expenses instead of selling BTC and losing the rise to assets that miners expect to rise in the price, according to John Glove, the chief investment employee in LEDN.

In an interview with Cointelegraph, Glober said that the adherence to BTC carries many advantages including price estimation, tax delay, and the possibility of achieving additional revenues by lending BTC was held in the cabinet bonds for companies. The executive authority added:

“If you are mining, you are creating all this bitcoin. You understand the thesis behind Bitcoin and why you are likely to continue to estimate it in the future. You don’t want to sell any Bitcoin.”

This debt -based approach is similar Bitcoin financing acquisition And profit is one of the different basics in BTC and Fiat currencies raised by corporate capital.

Bitcoin -backed loans can be a valuable lifestyle for miners who struggle in the high competitive industry, and it is Facing increased pressure Because of the ongoing trade tensions caused by the Trump administration’s protection policies and an overall economic certainty.

Related to: Riot platforms secure a $ 100 million loan “backed by Bitcoin” from Coinbase

The trade war puts more pressure on the besieged mining industry

The Bitcoin mining industry has high costs of competition and capital costs that increase over time as the most powerful computing resources are used to eat blocks and network secure.

President Trump’s overwhelming commercial tariffs have already cast a cloud on the competitive sector, raising fears of import duties Raise the cost of mining equipmentLike the Integrated applications (ASICS), to non -sustainable levels.