Every cycle comes with a narrative that pushes miners to doubt Bitcoin at exactly the wrong time. 2019 was “mining is dead,” 2022 was “PoW is over,” and now it’s “pivot to AI.” The story changes, but the timing doesn’t. The miners who stayed didn’t just survive, they captured the upside when the cycle turned. The ones who pivoted often sold near the bottom to chase a new narrative… and missed the recovery. This isn’t about ignoring AI. It’s about understanding timing. Walking away from your core business at cycle lows has historically been one of the most expensive decisions in this space. The real signal is simple: the operators still mining, still accumulating, still focused. That’s where discipline shows, and where long-term value is built. Mining here: https://t.co/wxJmNTJF2w 🐋