I am not a participant in bitcoin but I watch it with amazement. A mining company with similar characteristics is ESKYF. For me the difference is the miner has prospective acreage and the price appreciation is in response to very successful exploration results pointing to potential tangible mining operations. WRT bitcoin, I do not see anything other than fear of system collapse and the coins becoming the new go to currency. There is a case to be made as the coins already to a very small degree facilitate trade as a currency, a function of money that could be expanded to handle ever increasing percentage of the economy. But as valid as that might be, FOMO seems to be the real wind in bitcoin's sails at the moment and I fear a calm it the breeze may be at hand. Over $40,000 per coins that were priced at $400 to $500 5 years ago is too rich for me to get in now.
Hello I have been in and out of GBTC since 2017. There used to be an insane premium on it when it was the only game in town. The threat of an ETF has greatly reduced that. I think you capture most of the move owning GBTC. It tracks BTC very well and is very liquid.I no longer own any I have been playing BTC miners and doing well . Current favorite is ARBKF averaged to $1.90.As I stated before you are playing with fire and huge swings can and do happen, so far to the upside. Prediction BITCOIN 100,000ER
This is the same type of article that has been around for 10 years. Its really just a pump for his silver company he is holding.Tulips, south sea bubble etc. what i read is I missed out on all the crypto gains and everyone is wrong please buy my silver company.Here is what reality is BTC 1 dollar 10 years ago BTC 55000 dollars now. Is it going back to 1 or going higher from here is all that matters.GLTA ER