Republican

Bitcoin

when

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-faces-profitability-questions" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Faces Profitability Questions</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-surges-past-70000-milestone-can-it-sustain-the-growth" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s remarkable ascent continues to present both opportunities and risks within the cryptocurrency landscape. CoinShares CEO Jean-Marie Mognetti has issued stern warnings regarding the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> of <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">companies</a> that failed to generate profits when Bitcoin reached the $60,000 mark. Mognetti highlights that numerous firms in the crypto asset management sphere are driven by venture capital and are expending funds without achieving profitability.</p>
<h2 id="when-will-bitcoin-companies-be-profitable">When Will Bitcoin Companies Be Profitable?</h2>
<p style="text-align: justify">A critical point Mognetti raises is the timing of when companies, which remain unprofitable despite Bitcoin’s lofty value, will start making profits. This criticism is amplified by the shifts occurring in cryptocurrency mining.</p>
<p style="text-align: justify">Following China’s mining ban, the sector underwent significant changes, forcing miners to relocate globally. Today, key players in this industry operate in advanced and secure facilities, signaling the sector’s maturation.</p>
<h2 id="how-do-politics-influence-cryptocurrencies">How Do Politics Influence Cryptocurrencies?</h2>
<p style="text-align: justify">The political ramifications of the crypto world were also on Mognetti’s radar. With the growing interest of U.S. politicians in cryptocurrencies, there is a risk of the issue becoming a political instrument.</p>
<p style="text-align: justify">Mognetti advises against cryptocurrencies being associated with any political party, advocating for a bipartisan approach. He anticipates that U.S. regulations on cryptocurrencies will be enacted by 2025, potentially accelerating under a Republican administration.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>Monitor profitability trends of cryptocurrency companies despite Bitcoin’s high value.</li>
 <li>Stay updated on regulatory changes and political influences on cryptocurrencies.</li>
 <li>Consider the implications of Bitcoin’s use as a treasury reserve asset by large corporations.</li>
</ul>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">Jean-Marie Mognetti’s insights into the crypto sector serve as a critical alert for companies within the industry. The viability of firms that are unprofitable even when Bitcoin prices peak at $60,000 is under scrutiny.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-faces-profitability-questions" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Faces Profitability Questions</a></h5>

Bitcoin Faces Profitability Questions

Table of Contents

BH NEWS

Other articles published on Aug 14, 2024

Chiliz Blockchain Partners With KAYEN Protocol to Improve Bridging, Swap, Wrap & Liquidity Provision

BlackRock iShares Bitcoin Trust Breaks ETF Chart With $20 Billion Inflow

DOGE & PEPE Prices Fight the Bears: Will the Trend Flip After the Fresh CPI Rates Conceal?

Hidden Gem Altcoins That Will Make Millionaires

DBS Bank, Singapore’s largest bank by assets, initiates a pilot program for “DBS Treasury Tokens”

Ecuador Doubles Down on Cryptocurrency Ban Amid Worldcoin Surge

Join our free newsletter for daily crypto updates!