Indeed. The miners are a perfect example of this. Pivoting recently to buy Bitcoin instead of ASICs.
I could see by next cycle the large public miners creating significantly less of the global hash than they do right now. Leaving them as just public shell Bitcoin TSY companies.
In truth, many more companies will likely do this as AI takes a wrecking ball to their operating models….
Just my 2 sats….😉
GM. This is worthwhile (IMO) listen. These are 2 great TA guys discussing the MSTR trade, past, present and future.
https://youtu.be/n-X6ViniQ_0?si=KSJJNcBKcfABeG_g
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