#1058 Why Are So Bitcoin Miners Selling?!

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 25 July 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, I'm joined by my brother John Pompliano. We discuss the massive amount of Bitcoin selling that has occurred recently by Bitcoin miners. We dig into the charts and see which mining companies hold the most Bitcoin, which have sold the most Bitcoin, and what exactly all of this means to the broader Bitcoin ecosystem. ======================= Crypto wallets and browser extensions are outdated, limited in features, and don’t meet the needs of today’s Web3 users. Core, the free, non-custodial browser extension built by Ava Labs, is more than just a wallet. Core is packed with features that give Avalanche users a more seamless, and secure, Web3 experience. Did you know you can also bridge Bitcoin natively across the Avalanche Bridge, and take advantage of the thriving DeFi ecosystem on Avalanche? This is just one of the innovative properties that make Core so powerful, giving users an all-in-one operating system that brings together Avalanche apps, Subnets, bridges, and NFTs in one high-performance browser experience. With Core, any crypto user can easily swap assets, display NFTs in a beautiful interface, and store your assets in a Ledger-enabled wallet. Plus you can put real dollars in your Core wallet in just a few clicks. Go to www.core.app to access the full power of Web3 on Avalanche! ======================= Exodus is leading the world out of the traditional financial system by building beautiful and user-friendly blockchain products. With its focus on design and user experience, Exodus has become one of the most popular and loved cryptocurrency apps. It’s supported on both desktop and mobile, allowing you to sync your wallet across multiple devices so you can have access to your funds anywhere. You can instantly exchange around 100 different cryptocurrencies straight from your wallet. Interactive charts let you view an asset’s price history and your portfolio’s performance over time. And maybe the best part, Exodus is integrated with the Trezor hardware wallet - making advanced security easy for everyone. Visit exodus.com/pomp for your free download or search Exodus on the App Store or Playstore. ======================= The Pod Pro Cover by Eight Sleep is the most advanced solution on the market for thermoregulation. It pairs dynamic cooling and heating with biometric tracking. Go to https://www.eightsleep.com/Pomp to check out the Pod Pro Cover and save $150 at checkout. Eight Sleep currently ships within the USA, Canada, and the UK. =======================

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:07.4	podcast, simply the best podcast out there. Now let's kick this thing off. Today's episode is a conversation
0:13.5	between myself and my brother John Pompilano. We talk about Bitcoin miners and why so many of the
0:18.4	publicly traded companies are having to sell Bitcoin,
0:26.1	what the mining death spiral is, why you shouldn't worry about it, and exactly how some of the nuances of the mining industry end up playing out in bare markets like we're currently
0:30.1	experiencing. I really enjoyed this conversation with John and I hope it's valuable to you.
0:34.8	Before we get into this episode, I first want to talk about some of our sponsors. This episode is brought to you by Avalanche. Crypto wallets and browser extensions are outdated,
0:42.4	limited in features, and don't meet the needs of today's Web3 users. Core, the free non-custodial
0:47.7	browser extension, built by Ava Labs, is more than just a wallet. Core is packed with features
0:52.7	that give Avalanche users a more seamless and secure Web3
0:55.6	experience.
0:56.8	Did you know you can also bridge Bitcoin natively across the Avalanche Bridge and take
1:01.1	advantage of the thriving DFI ecosystem on Avalanche?
1:04.2	This is just one of the many innovative properties that make CORE so powerful, giving
1:08.6	users an all-in-one operating system that brings together
1:11.4	avalanche apps, subnets, bridges, and NFTs, and one high-performance browser experience.
1:17.1	With Core, any crypto user can easily swap assets, display NFTs in a beautiful interface,
1:22.4	and store your assets in a ledger-enabled wallet.
1:25.4	Plus, you can put real dollars in your core wallet in just a few clicks.
1:29.3	Go to core.app to access the full power of Web3 on Avalanche today.
1:33.8	Today's episode is brought to you by Exodus, the world's leading desktop, mobile, and hardware
1:37.8	crypto wallet.
	...

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