What is effecting the price of bitcoin?

When miners mine bitcoin, they have to for the electricity in dollars. As the difficulty goes up and the price of bitcoin goes down, they have to sell a larger and larger percentage of what they mine (for electricity).  It still makes sense to mine if you’re living in a dorm and don’t pay for electricity, or if you can’t pass a KYC check and are willing to pay a big premium for bitcoin.

Sam Altman in Bitcoin Price Pressure
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What is effecting the price of bitcoin?

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