MinerSummit2019丨Matt D'Souza: The rise of BTC in 2019 was mainly driven by institutions

Babbitt reported that MinerSummit2019 officially opened in Chengdu today. BlockwareCEO Matt D'Souza said in his speech that after the halving of Bitcoin, the S9 miner needed a bitcoin price of $15,247 to reach the breakeven point. He believes that the rise of Bitcoin in 2019 is mainly driven by institutions, but institutions rarely invest in competitive currencies. The price of competitive currencies is mainly driven by retail investors.