The whole argument is based on the death spiral of bitcoin. It is an imaginary situation when hash power becomes zero due to low profitability of the miners.
There are a lot of other factors which influence price.
The whole argument is based on the death spiral of bitcoin. It is an imaginary situation when hash power becomes zero due to low profitability of the miners.
There are a lot of other factors which influence price.
RE: What happens if all Bitcoin miners start dumping bitcoin post halving?