Michael Saylor advises Bitcoin miners to hold more Bitcoin in their treasury for profits

From Investing.com

August 13, 2024 3:30:40 pm:

MicroStrategy’s founder, Michael Saylor, advises Bitcoin miners to maximize profits by holding more Bitcoin in their treasury, promoting the Bitcoin Standard concept for widespread adoption as a global monetary alternative. By securing and validating transactions on the BTC network, miners play a crucial role in ensuring the coin’s long-term sustainability.

Bitcoin mining difficulty has reached a historic peak, indicating increased competition among miners, potentially leading to higher operational costs. However, Galaxy Digital’s CEO, Mike Novogratz, believes integrating AI into mining can revolutionize the Bitcoin mining ecosystem, offering new opportunities for efficiency and profitability. Miners adopting the Bitcoin Standard may experience increased freedom and financial growth.

Read more at Investing.com: Michael Saylor Issues Golden Advice to Bitcoin Miners By U.Today