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Anyone have thoughts on why #bitcoin #mining #stocks are rekt right now?

My thinking is that it might be the ETFs and MSTR siphoning away investor attention - ETF and MSTR are far easier to understand as “exposure to bitcoin” plays than miners even if none of the above offers any real exposure to bitcoin…

Thoughts?

#Plebchain

#AskNostr

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Discussion

freecritter 1y ago

Don’t follow stocks but maybe risk averse with the halving. Current price aside any mining business will always have its hardest time post halving on top of how competitive it is.