RE: ETF’s29 Feb 2024 22:21
Hi Chopsing, I don't think it was just dilution. Once BTC hit 50,000, I was expecting the main miners to rise a lot more significantly than they did. I think people are not sure what price btc has to be for them to be profitable. Once halving happens, the cost goes up considerably.
I'm a little disappointed with MARA, there is no guarantees price of BTC will keep rising (it most likely will) but no guarantees, MARA should of sold some BTC rather then dilution imo. In this scenario unfolding I have become a big fan of Terawulf, they don't hodl, they are paying off debt and they are very scalable, a little like Argo over two years ago. The only difference is they don't have that dodgy PW as ceo and they don't build swimming pools.