Here’s how the Bitcoin price and the world has felt so far this week.
Or in our case, Tuesday.
Bitcoin’s hashrate just dropped to its lowest level since September which means that miners are unplugging their rigs because the price of Bitcoin has either gone down and/or the price of producing a Bitcoin has gone up or some combination of the two.
Either way the difficulty to mine a Bitcoin is about to fall 4.15%.
Bitcoin Miners Are Yelling “Uncle”, “Mercy”, Etc.
Bitcoin’s 7-day average hashrate just hit 978.8 EH/s.
That’s the lowest it’s been since early September which means that miners are unplugging their machines.
The Bitcoin blockchain aims to produce a new block every 10 minutes but for the past couple of weeks it’s been producing new blocks at 10.43 minutes.
What’s a blockchain to do?
Well if you’re Bitcoin you have a mechanism built into it that adjusts the difficulty every 2016 blocks which means that the difficulty adjustment happens once very 2 weeks and when that time hits, the network adjusts to its new difficulty.
It’s actually insane how much Satoshi planned around when creating Bitcoin.
Anyway…
When the price drops, inefficient miners get squeezed out.
This leads to weak companies selling their Bitcoin that they’ve tried to stash away, it leads to them selling their mining rigs and some Bitcoin miners simply go out of business.
No bailouts. No Federal Reserve stepping in to save failing businesses. Just pure market forces working as intended.
But here’s why this matters for the $1M thesis... when miners capitulate, they have to sell in order to recoup at least some of their investment.
Most of the time this has created massive sell pressure during a price downturn and in some cases worsens an already incoming bear market.
There’s even a signal that comes up called The Blue Dot that some people use as sell and buy signals for the market. (Click Here if you’d like to learn more about it)
But this time there’s someone on the other side of that trade and why the bear market may look more like Winnie The Pooh.
Wall Street Just Had Its Biggest Bitcoin Week in Three Months
The numbers don’t lie.
Crypto investment products pulled in $2.17 billion last week, according to CoinShares and Bitcoin accounted for $1.55 billion of that.
That’s the largest weekly inflow since October.
You see while leveraged traders get liquidated and the miners are capitulation the institutional money continues to flow because they see the big picture and aren’t scared of down markets.
And the news hasn’t been pretty this week.
Clarity Act keeps getting postponed.
Trade War is brewing.
Bitcoin miners shutting down.
Uncertainty seems to be the soup du jour right now.
And yet suitcoiners kept on buying in.
The United States led the charge with $2.05 billion in inflows which is conviction if I’ve ever seen it.
When retail sees red candles, they panic sell and leveraged traders can’t seem to help themselves and then they get liquidated and miners see unprofitable operations, they capitulate.
And when institutions see Bitcoin at a 30% discount from its all-time high... they reallocate capital because they understand the thesis like we do.
The Bitcoin flows from weak hands to strong hands. From short-term thinkers to long-term holders. From people who need to pay electric bills to people building permanent capital allocations.
And every time that happens, the supply available for sale shrinks just a little bit more.
📖 You’re watching the biggest wealth transfer in history happen in real time.
Miners are capitulating. Institutions are accumulating. Bitcoin is flowing from weak hands to strong hands.
And if you don’t understand why that’s massively bullish... you need to read “The Million Dollar Bitcoin... And How You Can Profit.”
I wrote this book for one reason: To give you the complete case—the data, the stories, the math—behind why Bitcoin is heading to seven figures. Not hopium. Not hype. Just facts.
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What you get:
The complete 7-pillar thesis (deeper than this newsletter)
Real stories like Laleh’s escape from Afghanistan with her Bitcoin seed phrase
The exact risks you need to know (no sugarcoating)
How to calculate YOUR potential Bitcoin position
Why the suits finally “get it” and what that means for you
This isn’t about convincing you to buy Bitcoin. It’s about giving you the information to make your own informed decision.
Order now. Start reading today. Decide for yourself.
The Big Capitulation
Every Bitcoin capitulation event looks like this. Weak hands panic. Strong hands accumulate. The hashrate drops. The difficulty adjusts.
And when the dust settles, Bitcoin is more decentralized and more resilient than before.
And large institutions are not in the business of catching falling knives but instead they’re building permanent allocations while everyone else is distracted by volatility.
We need to have the vision just like they do.
And underneath all of that... the biggest transfer of wealth in human history is happening right in front of us.
P.S. If you haven’t ordered “The Million Dollar Bitcoin” yet, do it now. This newsletter gives you headlines. The book gives you the complete thesis. Available on Amazon right now. Start reading today when it can still change your tomorrow, not “someday.”