Miami’s Mining Disrupt Conference Shows The Path Forward For Bitcoin And Digital Assets

I just returned from an invigorating week in hot and humid Miami, Florida, where I was privileged to present at the Mining Disrupt conference. This annual event attracts the who’s who of the digital asset mining industry, including top players, enthusiastic investors and Bitcoin advocates alike.

In my capacity as Executive Chairman of HIVE Digital Technologies, I was excited to shed light on our company’s involvement in the great digital transformation and expansion into the realm of artificial intelligence (AI) and Web3 applications.

Undeterred Optimism Amid The Ongoing Bitcoin Bear Market

My fellow presenters and attendees were all incredibly bullish on Bitcoin, despite the ongoing bear market that has seen the digital asset retreat from its all-time high of nearly $69,000 in November 2021.

The conference coincided with Bitcoin crossing a significant milestone: the successful mining of the 800,000th block. This landmark event teases the upcoming fourth Bitcoin halving event, projected to happen when block 840,000 is mined in less than nine months from now. The halving process, which occurs approximately every four years, cuts the rewards for Bitcoin miners in half, thereby limiting new supply and creating scarcity.

Historically, every new cycle has resulted in a fresh record high price for Bitcoin. This phenomenon is attributed to the realization among investors that the asset’s supply is capped at 21 million coins, a factor that could spur the price to visit new highs.

bitcoin halvings