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what is up guys so we're gonna talk about Peter Swift he has some comments about Bitcoin on Twitter and we may get right into it so pedis shrift mr a.k.a go has some tweets about the bitcoin have any so peter says a consensus tree is crowded and usually doesn't pan out as the crowd expects i can't think of a more consensus trade and bitcoin than being a long going instead of having an event that is universally believed to be extremely bullish so once the happening occur who is left to buy that's a good question well all over the world there are people who are on bank and they're looking for something that will give them a savings account a lot of people don't have access to banks or to these IDs but they have access to cell phones and if you have an access to a cell phone where you have an access to a wallet so let's talk about india where there's a lot of unbanked people let's talk about africa where there's a lot of unbanked people let's talk about third-world countries venezuela all these countries are looking for what crypto currencies and why not have Bitcoin because of what you're talking about right now hyperinflation where we're saying where the US government continues to print money hopefully that answer your question so peter also says everyone assumes that Bitcoin miners will double their acts once mining wars are cut in half but if the demand was there prices would have already adjusted in reality reduce rewards for miners just as speculative pre having Bitcoin demand phase means trouble for miners you have bit Ming and you have all these cryptocurrency mining companies who make these miners for me and you to be able to keep the network the black st.
Network alive the innovation always come years and years we have seen miners get better and better and better because we're seeing more of the hatchery go up currently Peter the hash rate has went up and you think the hash rate is going to go down once the happening ends I believe that it will go down just for maybe a month and then after new miners come out there are more efficient more powerful the hash trade would go back up there's always somebody fighting to take a steak hole away from these big companies there's always somebody there looming for an opportunity to take away some profits from another company so do you think that bid man would just stop selling these Bitcoin miners and stop making more efficient miners you have to be kidding me you have to be kidding me it's a multi-billion dollar industry and somebody will be there to make them more efficient so guys I'm believing the link to this guy's Twitter mr.
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