Blockware Solutions CEO: Miners are the ultimate bullish party for Bitcoin

In a recent podcast, Blockware Solutions CEO Matt D'souza discussed and analyzed the recent BTC sales pressure. He said that when the price of miners is below the breakeven point, he will have to sell Bitcoin every month to pay for electricity and maintenance of mining machines, which puts a huge pressure on the network. D'souza further stated that there are three participants in the Bitcoin network: investment funds, currency holders and miners. These three are very bullish to a large extent, but miners are the most bullish because they are buying mining machines and building infrastructure with a three to five-year life cycle. Although they are in trouble now, they are the ultimate bullish party.