Matthew Kimmell, investment strategist at CoinShares Valkyrie, argued that bitcoin miners are uniquely suited to benefit from the AI buildout. Large-scale miners already operate the core infrastructure AI demands, Kimmell said. That includes gigawatt-sized data centers, dedicated power supply, and industrial cooling systems. Before turning to mining economics, Kimmell addressed bitcoin’s current price. Bitcoin was near $65,000 at its 200-week moving average. That level has historically marked cycle lows, including the 2020 COVID crash and FTX’s collapse in 2022, he said. For long-time bitcoin holders, it has ... (full story)