SummaryHIVE Blockchain, barring a Black Swan event that extends the Federal Reserve's planned interest rate hikes, is positioned well to endure the current economic challenges.After the Ethereum "Merge" the question of how much of that will be offset by other altcoins the company plans on mining has yet to be answered.The price of Bitcoin has been and will remain the key driver of the share price of HIVE.How the macro-economic environment will affect HIVE over the next several months.There has been a lot of concern among some investors concerning what effect "The Merge" will have on the performance of HIVE Blockchain (HIVE), since it had significant exposure to Ethereum (ETH-USD).The company has stated it's going to transition its former Ethereum miners to other altcoins in order to make generate revenue to help replace revenue from Ethereum. An important question that must be answered is how quickly and to what extent that strategy will boost revenue.That said, I'm on record as saying for some time that the price movement of Bitcoin (BTC-USD) has been the major driver of the share price of HIVE and will remain so in the future.In this article we'll look at the time frame I think HIVE faces before the price of Bitcoin enters into a sustainable recovery that will significantly boost the share price of the company, as well as how it's positioned to endure the current economic weakness that continues to weigh on the performance o...
What Happened In Crypto This Week?
