Bidding #BTC in this range (42-44k), through the best r/r proxy miner(Bitfarms).With Terra's recent purchases and future expectations to back UST, a large share of the upcoming miner emissions are covered.
$ETH is moving to PoS soon. Not great for crypto mining stocks that use their $ETH hashrate to report it as equivalent #BTC mined. They will all take a big hit to their earnings. They will be left bagholding hardware that will be used for significantly less profitable ventures
@zhusu BTC mining equities act as leveraged plays and tend to perform better than BTC and other crypto related tickers. Lots of inefficiencies in the sector still, specifically the NASDAQ listed miners
Not many places left for miners to move. The whole China centralization argument still stands, but for North Amercia this time. It will get continously harder for new miners and easier for the existing players grow
Over the next 2 weeks, BTC will rise at least 10% from its current price and this will mark the next leg for this bull run. Current price for reference: $46,690
Btc went from 52k to 47k. This factor has worked 6/6 times that i’ve used it over the last 2 years. Not really enough to convince @blackrock yet but i’ll keep posting its calls and other factors I find here
Based on a factor analysis formula I use that tends to have a decent hit rate. Tradfi aint looking too good either. Cutting long exposure across the board here
If this goes through, US based miners are screwed. Canadian miners on the other hand, will gain market share as a result and are in a favorable position due to the mining difficulty drop and their access to the US markets
1/ 🚨 Here's the deal with the US infrastructure bill:
A new provision has been added that expands the Tax Code's definition of "broker" to capture nearly everyone in crypto, including non-custodial actors like miners, forcing them all to KYC users.
This is not a drill 👇