TA with bitcoin is rationalization of gambling.
What counts is if 7 billion $ flows in to pay for the miners cost, or this 7 billion $ will be taken out coin value. Extremely expensive mining is the biggest flaw of bitcoin. Because of this, if bitcoin isn't expanding, then it will be quickly imploding on the weight of it's mining costs.
What counts is if 7 billion $ flows in to pay for the miners cost, or this 7 billion $ will be taken out coin value. Extremely expensive mining is the biggest flaw of bitcoin. Because of this, if bitcoin isn't expanding, then it will be quickly imploding on the weight of it's mining costs.
That money is spend for the security of the BTC blockchain (mining centralisation is a different question).