According to a recent poll conducted by Plan B on Twitter, almost 50% of people in crypto believe there’s a chance of a mining death spiral occurring following Bitcoin’s 2020 halving later this year.

Is this actually likely? Or is the market overestimating the level of risk? And could this help to explain why Bitcoin is still a long way from its S2F model valuation of $50-100k that it’s expected to reach by the end of 2021?

Let’s explore!

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