I feel sorry for the small investors who got absolutely rekt on $BMNR.
I donโt feel sorry at all for the kid analysts who pushed this stock out to their followers so they could get a like, retweet, follow, or interview from CNBC darling TL.
All $BMNR buyers are in it for the money.
Some $ETH buyers are in it for the money.
Some $ETH buyers are in it because they support the idea of decentralization.
I have more respect for $ETH buyers then those pushing $BMNR.
$BMNR is such a horrible stock with a half-story that makes no sense. No one asks the tough questions about this stock and the ETH thesis.
Just wait till the capitulation.
$BMNR is not leveraged $ETH as many like to call it.
It trades at 1-1.5x $ETH but once it reaches 1.5x dilution pulls it down towards 1x.
You canโt sell it on the weekends if $ETH is dumping.
Itโs practically not worth holding $BMNR when you can own the underlying asset.