Part 11/12:

However, short-term shocks could occur if major players are forced to liquidate BTC to service debt or due to panic selling. Such events could trigger market volatility but are unlikely to threaten Bitcoin's fundamental value or security.

Conclusion: Resilience and Long-term Potential

In summary, Bitcoin mining is undergoing a significant transformation. While profitability is under pressure, the industry is highly adaptable, shifting focus toward AI and HPC sectors where margins are more favorable. The network's fundamental resilience, combined with historical robustness during previous stress events, suggests that these turbulence episodes are temporary.