I made a mistake in the latest email that went out and want to correct it for you. I incorrectly stated that the Bitcoin network was expecting a downward difficulty adjustment in the coming days, this is false. It is expecting an upward difficulty adjustment.

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	CORRECTION: Upward difficulty adjustment expected Joe Consorti May 14 I made a mistake in the latest email that went out and want to correct it for you. I incorrectly stated that the Bitcoin network was expecting a downward difficulty adjustment in the coming days, this is false. It is expecting an upward difficulty adjustment. Here is the revised paragraph and analysis: Miner revenue is slashed in half after bitcoin halvings, placing added strain on their operations in a very competitive, already tight-margin industry. Thanks to mining remaining highly profitable with bitcoin’s market price well above incremental production cost, no major miners have had to shut down operations or liquidate significant bitcoin holdings to stay afloat. The upcoming difficulty adjustment 9 days from now is set to raise the mining difficulty by 2.15% to account. This will slow block times closer to their ~10-minute target, keeping Bitcoin’s monetary policy on track: Source: mempool Apologies for any confusion, we sometimes make these mistakes but we will always make it a point to issue corrections like these so you’re equipped with all of the facts. Take good care, Joe Consorti © 2024 Nik Bhatia 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe