ilmscore | Bitcoin Whales ARE SELLING BTC!! What You NEED To Know!!

Bitcoin Whales ARE SELLING BTC!! What You NEED To Know!!

Predictions from this Video

Total: 8
Correct: 2
Incorrect: 3
Pending: 3
Unrated: 0
Prediction
Topic
Status
Bitcoin mining is currently not profitable due to increased costs and decreased revenue, with the break-even cost for mining a BTC being between $100k-$110k while the price is around $92k.
"The average cost to mine a single BTC is around $100 to $110,000 depending on your source. As I record this, BTC's price sits around $92,000. And that's after recovering from a dip to $80,000. Logically, this suggests that Bitcoin mining isn't profitable anymore."
BTC
Incorrect
The break-even cost for Bitcoin miners is projected to be around $200,000 for the 2028 halving event.
"Logically the break even level for miners would be somewhere around $200,000."
BTC
Pending
AI data processing is predicted to generate 2-5 times more revenue per kilowatt-hour than Bitcoin mining.
"For every kilowatt hour of energy, AI data processing can generate two to 5x more revenue than Bitcoin mining."
BTC
Pending
Bit Farms plans to exit the Bitcoin mining sector completely by 2027.
"One of the most striking examples is Bit Farms, which recently announced its plan to completely exit the Bitcoin mining sector by 2027."
BTC
Pending
Core Scientific, after bankruptcy, reinvented itself as an AI and HPC infrastructure provider in January 2024.
"The firm reemerged in January 2024, reinventing itself as a provider of AI and HPC infrastructure."
BTC
Correct
Following China's ban on Bitcoin mining in 2021, the network experienced its largest difficulty reduction, decreasing by nearly 28%.
"When China banned Bitcoin mining in 2021, Bitcoin mining saw its largest difficulty reduction ever at nearly 28%."
BTC
Correct
Forced sales by major Bitcoin mining players, particularly during a bear market, could lead to short-term price volatility and a sharp BTC price drop, potentially triggering panic selling.
"any forced sales by major players could create some short-term volatility, especially during a bare market. In that scenario, BTC's price might drop more sharply than many expect, potentially triggering a cascade of additional panic selling."
BTC
Incorrect
Despite potential short-term volatility, Bitcoin's price is predicted to inevitably reach new all-time highs and continue growing, following historical patterns.
"Before long, BTC's price would inevitably climb to new all-time highs, as it has done historically. Bitcoin will continue growing from strength to strength..."
BTC
Incorrect