This week, we have seen an unprecedented amount of liquidity of economic stimulus stabilize the economy, putting an end to weeks of free fall caused by the corona pandemic.

All the major US equities were up by around 9% to 12% this week—on Tuesday, the Dow Jones had its best day since 1938. Bitcoin had its least volatile week since its price cut in half on March 13. Bitcoin’s market value rose from $3,867 to $7,000 in the 13 days to March 25, this week Bitcoin has consistently hovered around the $6,500 mark. But the major question is What are miners doing?

Throughout...