Do Bitcoin (BTC) Miners Have Power over Price?



Bitcoin-BTC-Miners

Contrary to popular belief, a new study seems to conclude that Bitcoin miners command just but a tiny percentage of all BTC selling power to influence price and that there is no meaningful correlation between outflows to exchanges and prices.

Role of Bitcoin Miners

For their role, Bitcoin miners keep the network secure and because of their heavy investment, successful miners are rightly incentivized for funneling their hash power….



Source link