"I Am Not a Fan of Bitcoin"

Mined, minted, and made in USA

Gm miners,

The biggest news this week:

Polymarket knew it all along:

This is a perfect example of how the market is more accurate than mainstream media.

Along with Trump winning the 2024 U.S. presidential election, Bitcoin is hovering around a new ATH of $76,730.

This climb has been fueled by the anticipation and realization of a Trump victory.

Why is Trump bullish for Bitcoin?

Especially considering he said this in 2019:

His remarks in 2024 tell a different story.

Here is an example:

For miners specifically:

Here are some other comments:

“Bitcoin is the steel industry of 100 years ago.”

“Bitcoin will probably surpass the market cap of gold.”

“Bitcoin stands for freedom, sovereignty, and independence from government coercion and control.”

“On day one, I will fire Gary Gensler.”

“On day one, I will commute the sentence of Ross Ulbricht.”

“I will support the right to self-custody.”

“I will keep Bitcoin to serve as a strategic Bitcoin stockpile.”

It seems we have a pro-Bitcoin president.

This would have been unfathomable 5 years ago.

The market is coming to terms.

There were $1.36B BTC ETF inflows on 11/7/24, the highest ever:

The Blackrock IBIT ETF has surpassed gold:

IBIT started in 2024, IAU started in 2005.

The time to be bullish is now.

With Bitcoin entering into price discovery territory, is it still a good time to mine Bitcoin?

We made a video to answer this:

Bitcoin mining is still profitable.

And if you’ve been reading Simple Mining Insights for the last 12 months, you will know hashprice is the #1 VARIABLE in mining profitability.

Hashprice is still relatively low:

If hashprice starts to climb, ASICs may get more expensive.

The BTC exchange rate has a reputation to increase following U.S. elections:

If you are interested in securing a mining position, contact sales@simplemining.io

Older machines have also moved into profit:

Don’t know which ASIC is right for you?

Check out this article:

This is when the offseason work begins to pay off.

Have a good weekend✌️