🤔 [Analysis] The “Bitcoin mining death spiral” debate explained – Arjun Balaji

Arjun argues that Bitcoin ($BTC) is not going into a “mining death spiral.” The death spiral argument is as follows: Bitcoin prices drop materially, eventually marginally profitable miners shut off, ad infinitum, until all the miners are gone and no one mines Bitcoin. &nbsp However, Arjun says that in an extremely unlikely scenario if hash rate dropped a lot, miners can be kept running by increasing fees. If that wasn’t enough, as a last resort, there could be an emergency fork to manually lower difficulty.