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Why this exec expects Bitcoin mining to be ‘less profitable’ in 2022 than in 2021
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ambcrypto.comOften considered the king coin of the crypto market, Bitcoin was trading at $48,611 at the time of writing. With that, BTC is down almost 1% in the last one day and slipped by 3.7% over the last two weeks on CoinGecko.
That being said, Argo CEO Peter Wall recently told CNBC that what drove the price of Bitcoin in 2021, will also be its drivers in 2022. Adding to that, Wall also analyzed that the market has matured overtime when it comes to both the capital markets and the regulatory outlook. From a mining perspective, he said,
“We’ve seen this year, the industry go from being essentially teenagers at the start of the year–kind of uncertain in themselves to a very confident young professionals in their 20s.”
He further explained in the age
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