35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange, Here is that thread:
https://bitcointalk.org/index.php?topic=5130327.msg50545198#msg50545198Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more.
Less miners = More Demand = increasing price, as simple as that.
I don't agree that Less Miners equals More Demand.
In my opinion, Less miners means that the system is not healthy thus people and investors will start losing faith in this crypto. Maybe it is because of its consensus protocol maybe because of the price I don't know. What I know is that it does more harm than good.