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RE: Bullish Signs That Could Trigger Bitcoin's Next Leg

in LeoFinance2 years ago

Not just that unlike gold miners, bitcoin miners actually want to keep what they mine rather than sell it so they are using the bitcoin they mine as backing to raise debt and then run their operations on debt pushing out the need to sell

That way they sell less bitcoin to cover their debt or even just refinance and roll over the loan at a different LTV ratio