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Morgan Stanley: Bitcoin Miners Will Only Profit When Price is Above $8,600 | coin❖trellis

Morgan Stanley: Bitcoin Miners Will Only Profit When Price is Above $8,600

The key price point for Bitcoin mining profitability is $8,600, according to Morgan Stanley Equity Analyst Charlie Chan and his team. As per their simulation, if the coin can’t recover $8,600 soon, many Bitcoin miners will likely find it unprofitable to keep creating the cryptocurrency.

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