The Block Crypto News25 minutes ago

Published on July 15, 2024 10:37 GMT+00:00edited on July 15, 2024 10:39 GMT+00:00

Analysts at research and brokerage firm Bernstein said a “Goldilocks scenario” is emerging for bitcoin miners amid the “Trump factor” following a failed assassination attempt on the former U.S. President at a rally in Pennsylvania on Saturday.

“The Goldilocks scenario for bitcoin mining is emerging: greater chances of pro-bitcoin political change, U.S emerging the dominant hub for bitcoin mining and latest generation mining chips, miners being valued for their lead in power interconnect, and miners emerging as strong partners for AI data centers,” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Monday.

The price of bitcoin initially fell as the would-be assassin’s bullet pierced Trump’s right ear, and the presumptive Republican presidential nominee dropped to the ground. …