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Winter is coming for Bitcoin


kram1

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Throughout the books, those living outside of The North view this claim with skepticism as when the series begins, the current summer has lasted for nine years. House Stark’s words are not heeded until of course after winter eventually arrives.

Compare this theme to the current situation in the digital currency markets where global interest rates have remained at or near zero for 14 years, which coincidentally is around the same age as Bitcoin’s Genesis Block.

Believing that winter will not come is comparable to the mentality of perpetually HODL’ing in hopes of “Number Go Up.” As literal winter does approach, Bitcoin miners are continuously being squeezed by falling coin prices, rising interest rates and tangential rising costs (energy, capital, price inflation).

In the fourth book in the ASOIAF series, A Feast for Crows, notorious anti-hero and Stark opponent Jaime Lannister finally encounters winter with despair.

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