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Trelawny, what interview was that? I don't think I saw it?
Not the right time for a Blonity interview, as most the questions would be about Texas and PW is being very careful about what he says (can't really talk about it). Once a detailed RNS is released would be a good time for this.
I wish PW would do an interview with Blonity. Admittedly he does not have >100K subscribers, but he is able to compare and contrast all the miners. PW would have to do some serious homework. That said, I saw a snip it of the interview with PW and the Eastern European lady. After her first question and PW's reply, she snapped...what do you mean.
Program this into your minds as armour plate against the fuddag merchants, manipulators and nysayers and a constant reminder of the true position and the very bright future ahead. As your man just said, The Big Money went on a huge campaign of false narrative while simultaneously buying it up. It's just a matter of time before the scarcity programmed into the system shines. The BTC system that is.
Weathergeek
“ The whole crypto market is a wild west. Be wise with your choice of coin, not all are equal by any means.”
MS really jumped on PW for misquoting Gary Gunsler. “Bitcoin is like the Wild West” instead of “Crypto is like the Wild West”.
Ginsler is very pro Bitcoin. That first btc traded futures ETF will make a huge difference to the btc price.
The bottom line is big money was way late to the table and it's very upset it was. (Minus a few big crypto firms )The complete opposite to normal equity markets. The higher ups put massive brakes on BTC and crypto in spring (because the small man was wining too much) and went on a huge campaign of false narrative while simultaneously buying it up. It's just a matter of time before the scarcity programmed into the system shines. The BTC system that is. The whole crypto market is a wild west. Be wise with your choice of coin, not all are equal by any means.
Excellent, quality post. Just one clarification. Michael Saylor made the very important point about BTC miners keeping their BTC on the books and also purchasing BTC to increase their holdings. Saylor believes this is the unseen emerging development that will lead to a negative stock to flow position (as happened with the telecoms and cable companies) which will catalyse and force the price of BTC much higher by an order of magnitude. I agree and ARB are at the forefront to benefit from this almost certain evolvement.
Reum Mary…lol summary should read … god I hate this site but still some reasonable people on here who post some helpful stuff … sometimes…
Nice summary John, With full credit to Peter he has been ahead of the curve on reporting and on the green mining targets. He has certainly perked the interest of the most prominent BTC investor out there.
Sounds like a fair Reum Mary … now just sit tight and HODL
1. Crypto and bitcoin two different things from a regulatory perspective in the US ... Bitcoin is well placed
2. Saylor believes you must keep Bitcoin on balance sheet at all cost ... dont monetize the BTC
3. North American miners is 'the story' of 2022 ... it's a leveraged play on BTC
4. Lots of institutional money ready to go into miners, as opposed to buying BTC directly ... North American miners must use their cash to both a. Buy bitcoin directly and b. Expand capacity
5. Miners could be $50bn in 2022 across 12 or so listed mining companies
6. It validated a lot of things people have questioned about ARB: holding BTC (even while taking a loan against it); expanding aggressively in terms of capacity; setting up shop in Texas which is favourable location; pursuing a listing on Nasdaq
The job now is to get the listing done ASAP ... and Saylor's institutional investors might chip in as part of the IPO (that was certainly my 'read between the lines' ... it's almost as if he was in diligence mode on 1. North American miners in general 2. Argo specifically)
Good luck all.