At the peak of the next bull cycle we will see a public Bitcoin mining company with a market cap > $100B.
Discussion
I hope you're right.
What will MSTR be at?
There's no way. Not happening.
With that kind of money we are going to see a lot more miners getting into power generation ownership.
Who will be the first to own a nuclear reactor?
Cornlords TM
Agree.
Companies like CleanSpark were more successful last cycle because they built infrastructure during the boom and bought cheap mining rigs during the bear.
Next cycle miners will diversify by acquiring and building power infrastructure during the boom and then stack cheap ASICs during the bear.